BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Short Interest Up 28.9% in January

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totalling 50,900 shares, an increase of 28.9% from the December 31st total of 39,500 shares. Based on an average trading volume of 98,600 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC bought a new stake in BlackRock MuniAssets Fund during the second quarter worth about $171,000. CWM LLC lifted its position in BlackRock MuniAssets Fund by 94.1% in the 3rd quarter. CWM LLC now owns 5,415 shares of the investment management company’s stock worth $67,000 after buying an additional 2,625 shares during the last quarter. Creative Planning purchased a new stake in BlackRock MuniAssets Fund in the third quarter worth approximately $128,000. Pathway Financial Advisers LLC grew its position in BlackRock MuniAssets Fund by 1,152.5% during the third quarter. Pathway Financial Advisers LLC now owns 60,371 shares of the investment management company’s stock valued at $749,000 after acquiring an additional 55,551 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of BlackRock MuniAssets Fund by 6.7% during the third quarter. PNC Financial Services Group Inc. now owns 124,390 shares of the investment management company’s stock worth $1,542,000 after acquiring an additional 7,850 shares in the last quarter. 20.38% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniAssets Fund Trading Up 0.5 %

MUA traded up $0.05 on Thursday, reaching $11.10. The company had a trading volume of 147,278 shares, compared to its average volume of 92,309. BlackRock MuniAssets Fund has a 52-week low of $10.68 and a 52-week high of $12.69. The business has a 50 day simple moving average of $11.34 and a 200 day simple moving average of $11.77.

BlackRock MuniAssets Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.0555 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date is Wednesday, January 15th.

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.