BlackRock MuniVest Fund, Inc. (NYSE:MVF) Short Interest Update

BlackRock MuniVest Fund, Inc. (NYSE:MVF) saw a large decrease in short interest in December. As of December 31st, there was short interest totalling 26,200 shares, a decrease of 21.8% from the December 15th total of 33,500 shares. Based on an average daily trading volume, of 117,600 shares, the days-to-cover ratio is presently 0.2 days.

BlackRock MuniVest Fund Stock Up 1.4 %

Shares of MVF traded up $0.10 during midday trading on Wednesday, reaching $7.18. 73,411 shares of the stock were exchanged, compared to its average volume of 100,846. BlackRock MuniVest Fund has a 12-month low of $6.73 and a 12-month high of $7.64. The firm has a 50 day simple moving average of $7.26 and a 200-day simple moving average of $7.36.

BlackRock MuniVest Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be given a dividend of $0.036 per share. This represents a $0.43 annualized dividend and a yield of 6.02%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Trading of BlackRock MuniVest Fund

A number of institutional investors have recently added to or reduced their stakes in MVF. Wolverine Asset Management LLC bought a new position in shares of BlackRock MuniVest Fund during the 3rd quarter valued at $26,000. Larson Financial Group LLC increased its position in BlackRock MuniVest Fund by 233.3% during the third quarter. Larson Financial Group LLC now owns 5,000 shares of the company’s stock worth $38,000 after buying an additional 3,500 shares during the last quarter. US Bancorp DE bought a new position in BlackRock MuniVest Fund during the third quarter valued at about $64,000. Benjamin Edwards Inc. acquired a new stake in shares of BlackRock MuniVest Fund in the third quarter worth about $160,000. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in shares of BlackRock MuniVest Fund during the 3rd quarter worth about $164,000. 48.16% of the stock is currently owned by institutional investors and hedge funds.

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.