BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Stock Short Interest Falls 92.9%

by · The Markets Daily

BlackRock MuniAssets Fund, Inc. (NYSE:MUA – Get Free Report) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 58,845 shares, a drop of 92.9% from the August 31st total of 826,593 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 402,335 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On BlackRock MuniAssets Fund

Several hedge funds and other institutional investors have recently bought and sold shares of MUA. Bank of America Corp DE acquired a new stake in BlackRock MuniAssets Fund in the 2nd quarter valued at about $15,179,000. Rivernorth Capital Management LLC grew its stake in shares of BlackRock MuniAssets Fund by 177.9% in the 2nd quarter. Rivernorth Capital Management LLC now owns 868,104 shares of the investment management company’s stock worth $9,451,000 after purchasing an additional 555,694 shares during the last quarter. Absolute Investment Advisers LLC acquired a new position in shares of BlackRock MuniAssets Fund in the 1st quarter worth approximately $1,349,000. Van ECK Associates Corp raised its holdings in shares of BlackRock MuniAssets Fund by 27.0% in the 2nd quarter. Van ECK Associates Corp now owns 428,231 shares of the investment management company’s stock worth $4,715,000 after purchasing an additional 90,992 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of BlackRock MuniAssets Fund by 89.2% in the 1st quarter. Royal Bank of Canada now owns 171,937 shares of the investment management company’s stock worth $1,824,000 after purchasing an additional 81,069 shares in the last quarter. 20.38% of the stock is currently owned by institutional investors.

BlackRock MuniAssets Fund Stock Down 0.4%

Shares of MUA traded down $0.04 during midday trading on Thursday, reaching $9.50. The stock had a trading volume of 616,633 shares, compared to its average volume of 370,804. BlackRock MuniAssets Fund has a 52 week low of $9.43 and a 52 week high of $11.34. The firm’s 50 day moving average price is $10.06 and its 200-day moving average price is $10.48.

BlackRock MuniAssets Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be issued a dividend of $0.0555 per share. This represents a $0.67 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend is Friday, December 11th.

BlackRock MuniAssets Fund Company Profile

(Get Free Report)

BlackRock MuniAssets Fund, Inc (NYSE: MUA) is a closed-end management investment company managed by BlackRock Advisors, LLC. The fund seeks to provide investors with current income that is exempt from regular federal income tax by investing primarily in municipal bonds and other tax-exempt municipal obligations.

The fund’s portfolio may include bonds issued by states, cities, counties, municipalities and other public entities across the United States. These securities generally finance public infrastructure and services, such as transportation, utilities, education, healthcare and housing.

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