Short Interest in BlackRock MuniVest Fund, Inc. (NYSE:MVF) Drops By 16.9%

BlackRock MuniVest Fund, Inc. (NYSE:MVF) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 55,600 shares, a drop of 16.9% from the February 28th total of 66,900 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 115,000 shares, the days-to-cover ratio is currently 0.5 days.

BlackRock MuniVest Fund Price Performance

Shares of BlackRock MuniVest Fund stock traded down $0.02 on Wednesday, hitting $7.08. The company’s stock had a trading volume of 102,317 shares, compared to its average volume of 109,692. BlackRock MuniVest Fund has a 52-week low of $6.74 and a 52-week high of $7.64. The firm has a fifty day moving average price of $7.18 and a 200-day moving average price of $7.29.

BlackRock MuniVest Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were given a dividend of $0.036 per share. The ex-dividend date was Friday, March 14th. This represents a $0.43 annualized dividend and a dividend yield of 6.10%.

Institutional Investors Weigh In On BlackRock MuniVest Fund

A number of institutional investors and hedge funds have recently bought and sold shares of MVF. Pathstone Holdings LLC lifted its position in shares of BlackRock MuniVest Fund by 0.9% in the fourth quarter. Pathstone Holdings LLC now owns 1,837,292 shares of the company’s stock valued at $12,974,000 after acquiring an additional 15,781 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in BlackRock MuniVest Fund by 9.3% in the 4th quarter. Guggenheim Capital LLC now owns 1,137,845 shares of the company’s stock valued at $8,010,000 after purchasing an additional 97,081 shares in the last quarter. Sit Investment Associates Inc. boosted its stake in shares of BlackRock MuniVest Fund by 318.5% during the 4th quarter. Sit Investment Associates Inc. now owns 979,630 shares of the company’s stock worth $6,897,000 after purchasing an additional 745,558 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of BlackRock MuniVest Fund during the 4th quarter worth $4,978,000. Finally, 1607 Capital Partners LLC lifted its stake in shares of BlackRock MuniVest Fund by 39.8% during the 4th quarter. 1607 Capital Partners LLC now owns 551,113 shares of the company’s stock worth $3,880,000 after purchasing an additional 156,865 shares during the period. Hedge funds and other institutional investors own 48.16% of the company’s stock.

About BlackRock MuniVest Fund

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.