BlackRock MuniVest Fund, Inc. (NYSE:MVF) Short Interest Update

Posted by William Tyler on Sep 16th, 2024

BlackRock MuniVest Fund, Inc. (NYSE:MVF – Get Free Report) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 28,900 shares, a decline of 21.9% from the August 15th total of 37,000 shares. Based on an average trading volume of 88,800 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On BlackRock MuniVest Fund

Several institutional investors and hedge funds have recently bought and sold shares of MVF. Pineridge Advisors LLC acquired a new position in BlackRock MuniVest Fund in the fourth quarter valued at approximately $41,000. Pathway Financial Advisers LLC bought a new position in BlackRock MuniVest Fund during the 1st quarter worth $59,000. Aviance Capital Partners LLC acquired a new stake in BlackRock MuniVest Fund in the first quarter worth $74,000. Cetera Advisors LLC bought a new stake in BlackRock MuniVest Fund in the first quarter valued at $101,000. Finally, Nomura Holdings Inc. bought a new stake in BlackRock MuniVest Fund in the fourth quarter valued at $158,000. Institutional investors and hedge funds own 48.16% of the company’s stock.

BlackRock MuniVest Fund Stock Performance

Shares of MVF opened at $7.60 on Monday. The business’s fifty day moving average price is $7.40 and its 200 day moving average price is $7.16. BlackRock MuniVest Fund has a 12-month low of $5.85 and a 12-month high of $7.63.

BlackRock MuniVest Fund Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a $0.036 dividend. This is an increase from BlackRock MuniVest Fund’s previous dividend of $0.03. The ex-dividend date is Tuesday, October 15th.

About BlackRock MuniVest Fund

(Get Free Report)

BlackRock MuniVest Fund, Inc is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade, long term municipal obligations that are exempt from federal income taxes.