Short Interest in BlackRock MuniYield Fund, Inc. (NYSE:MYD) Decreases By 68.9%

BlackRock MuniYield Fund, Inc. (NYSE:MYD) was the recipient of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 15,600 shares, a decrease of 68.9% from the January 15th total of 50,200 shares. Based on an average daily volume of 174,700 shares, the short-interest ratio is currently 0.1 days.

BlackRock MuniYield Fund Trading Down 0.8 %

MYD traded down $0.09 during trading on Wednesday, hitting $10.71. The company had a trading volume of 153,483 shares, compared to its average volume of 129,346. BlackRock MuniYield Fund has a 1-year low of $10.27 and a 1-year high of $11.74. The business has a 50-day moving average of $10.71 and a 200-day moving average of $11.08.

BlackRock MuniYield Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a $0.0545 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.65 dividend on an annualized basis and a yield of 6.11%.

Institutional Trading of BlackRock MuniYield Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp lifted its holdings in BlackRock MuniYield Fund by 6.5% in the fourth quarter. Van ECK Associates Corp now owns 347,642 shares of the financial services provider’s stock worth $3,612,000 after acquiring an additional 21,337 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of BlackRock MuniYield Fund by 54.7% in the 4th quarter. LPL Financial LLC now owns 249,227 shares of the financial services provider’s stock worth $2,589,000 after purchasing an additional 88,118 shares during the last quarter. Raymond James Financial Inc. acquired a new position in BlackRock MuniYield Fund during the 4th quarter valued at approximately $1,250,000. Intellectus Partners LLC grew its stake in BlackRock MuniYield Fund by 57.2% during the 4th quarter. Intellectus Partners LLC now owns 119,500 shares of the financial services provider’s stock worth $1,242,000 after buying an additional 43,500 shares during the last quarter. Finally, Atala Financial Inc acquired a new stake in BlackRock MuniYield Fund in the fourth quarter worth $937,000. Institutional investors and hedge funds own 33.77% of the company’s stock.

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.