BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Short Interest Down 20.2% in February

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) saw a large decline in short interest in February. As of February 15th, there was short interest totalling 19,800 shares, a decline of 20.2% from the January 31st total of 24,800 shares. Based on an average daily trading volume, of 113,200 shares, the short-interest ratio is currently 0.2 days.

BlackRock MuniAssets Fund Price Performance

NYSE:MUA traded down $0.09 during trading hours on Tuesday, hitting $10.98. 204,773 shares of the stock were exchanged, compared to its average volume of 123,229. BlackRock MuniAssets Fund has a 52-week low of $10.68 and a 52-week high of $12.69. The firm’s fifty day moving average price is $11.08 and its 200 day moving average price is $11.69.

BlackRock MuniAssets Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.0555 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.67 annualized dividend and a yield of 6.07%.

Institutional Investors Weigh In On BlackRock MuniAssets Fund

Several large investors have recently bought and sold shares of MUA. Creative Planning purchased a new stake in BlackRock MuniAssets Fund during the 3rd quarter worth approximately $128,000. PNC Financial Services Group Inc. grew its position in shares of BlackRock MuniAssets Fund by 6.7% in the third quarter. PNC Financial Services Group Inc. now owns 124,390 shares of the investment management company’s stock valued at $1,542,000 after purchasing an additional 7,850 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in shares of BlackRock MuniAssets Fund by 3.9% in the third quarter. Rockefeller Capital Management L.P. now owns 163,145 shares of the investment management company’s stock valued at $2,023,000 after purchasing an additional 6,054 shares in the last quarter. Sanctuary Advisors LLC grew its position in shares of BlackRock MuniAssets Fund by 13.7% in the third quarter. Sanctuary Advisors LLC now owns 17,869 shares of the investment management company’s stock valued at $215,000 after purchasing an additional 2,150 shares in the last quarter. Finally, ST Germain D J Co. Inc. purchased a new stake in shares of BlackRock MuniAssets Fund in the fourth quarter valued at approximately $33,000. 20.38% of the stock is currently owned by hedge funds and other institutional investors.

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.