BlackRock MuniYield Fund, Inc. (NYSE:MYD) Sees Large Increase in Short Interest

BlackRock MuniYield Fund, Inc. (NYSE:MYD) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 21,600 shares, an increase of 52.1% from the February 13th total of 14,200 shares. Based on an average trading volume of 162,100 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

BlackRock MuniYield Fund Stock Performance

BlackRock MuniYield Fund stock traded up $0.03 during mid-day trading on Monday, reaching $10.49. The company’s stock had a trading volume of 85,891 shares, compared to its average volume of 112,726. BlackRock MuniYield Fund has a twelve month low of $10.27 and a twelve month high of $11.74. The business has a 50 day moving average price of $10.70 and a 200-day moving average price of $11.02.

BlackRock MuniYield Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.0545 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.65 annualized dividend and a yield of 6.24%.

Institutional Trading of BlackRock MuniYield Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Intellectus Partners LLC increased its stake in shares of BlackRock MuniYield Fund by 10.1% in the third quarter. Intellectus Partners LLC now owns 76,000 shares of the financial services provider’s stock valued at $872,000 after purchasing an additional 7,000 shares during the period. Virtu Financial LLC acquired a new position in BlackRock MuniYield Fund during the third quarter worth about $230,000. Sanctuary Advisors LLC lifted its holdings in BlackRock MuniYield Fund by 10.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 21,528 shares of the financial services provider’s stock valued at $240,000 after acquiring an additional 2,000 shares during the last quarter. Simon Quick Advisors LLC bought a new position in shares of BlackRock MuniYield Fund during the 4th quarter valued at about $110,000. Finally, RFG Advisory LLC acquired a new position in shares of BlackRock MuniYield Fund in the 4th quarter worth approximately $278,000. 33.77% of the stock is currently owned by institutional investors and hedge funds.

About BlackRock MuniYield Fund

BlackRock MuniYield Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets. The fund primarily in long-term investment-grade municipal bonds with a maturity of more than ten years. It is exempt from federal income taxes.