BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Short Interest Up 28.9% in January

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 50,900 shares, a growth of 28.9% from the December 31st total of 39,500 shares. Based on an average daily volume of 98,600 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On BlackRock MuniAssets Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its position in BlackRock MuniAssets Fund by 8.3% during the fourth quarter. Van ECK Associates Corp now owns 173,978 shares of the investment management company’s stock worth $1,921,000 after purchasing an additional 13,261 shares during the period. River Street Advisors LLC bought a new position in BlackRock MuniAssets Fund in the 4th quarter worth approximately $119,000. ST Germain D J Co. Inc. purchased a new position in BlackRock MuniAssets Fund in the 4th quarter valued at approximately $33,000. Sanctuary Advisors LLC raised its holdings in BlackRock MuniAssets Fund by 13.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 17,869 shares of the investment management company’s stock valued at $215,000 after acquiring an additional 2,150 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its position in shares of BlackRock MuniAssets Fund by 3.9% during the third quarter. Rockefeller Capital Management L.P. now owns 163,145 shares of the investment management company’s stock worth $2,023,000 after acquiring an additional 6,054 shares in the last quarter. 20.38% of the stock is currently owned by institutional investors.

BlackRock MuniAssets Fund Price Performance

NYSE MUA traded up $0.05 on Thursday, hitting $11.10. 147,278 shares of the stock traded hands, compared to its average volume of 92,309. The business’s fifty day moving average is $11.34 and its two-hundred day moving average is $11.77. BlackRock MuniAssets Fund has a 12 month low of $10.68 and a 12 month high of $12.69.

BlackRock MuniAssets Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.0555 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.67 annualized dividend and a dividend yield of 6.00%.

BlackRock MuniAssets Fund Company Profile

BlackRock MuniAssets 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 fixed income markets. It seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of medium-to-lower grade or unrated municipal obligations the interest on which is exempt from federal income taxes.