BlackRock MuniVest Fund, Inc. (NYSE:MVF) Short Interest Down 20.7% in February

BlackRock MuniVest Fund, Inc. (NYSE:MVF) was the recipient of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 63,600 shares, a decline of 20.7% from the January 31st total of 80,200 shares. Based on an average daily volume of 123,900 shares, the days-to-cover ratio is presently 0.5 days.

BlackRock MuniVest Fund Stock Performance

Shares of NYSE MVF traded down $0.04 during trading hours on Tuesday, hitting $7.27. 99,915 shares of the company traded hands, compared to its average volume of 99,574. The company’s 50 day moving average price is $7.20 and its 200 day moving average price is $7.34. BlackRock MuniVest Fund has a 12 month low of $6.74 and a 12 month high of $7.64.

BlackRock MuniVest Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.036 per share. This represents a $0.43 annualized dividend and a dividend yield of 5.94%. The ex-dividend date is Friday, March 14th.

Hedge Funds Weigh In On BlackRock MuniVest Fund

Large investors have recently modified their holdings of the stock. Park Avenue Securities LLC increased its position in shares of BlackRock MuniVest Fund by 7.3% during the 4th quarter. Park Avenue Securities LLC now owns 140,206 shares of the company’s stock valued at $987,000 after purchasing an additional 9,537 shares during the last quarter. Raymond James & Associates boosted its holdings in BlackRock MuniVest Fund by 1.6% during the 3rd quarter. Raymond James & Associates now owns 356,787 shares of the company’s stock valued at $2,712,000 after acquiring an additional 5,504 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in BlackRock MuniVest Fund by 80.5% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 38,977 shares of the company’s stock valued at $274,000 after acquiring an additional 17,383 shares during the period. US Bancorp DE purchased a new position in BlackRock MuniVest Fund during the 3rd quarter valued at $64,000. Finally, Janney Montgomery Scott LLC boosted its holdings in BlackRock MuniVest Fund by 21.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 28,471 shares of the company’s stock valued at $200,000 after acquiring an additional 5,095 shares during the period. Institutional investors own 48.16% of the company’s stock.

BlackRock MuniVest Fund Company Profile

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.