BlackRock MuniAssets Fund, Inc. (NYSE:MUA) saw a large decrease in short interest in April. As of April 15th, there was short interest totalling 32,400 shares, a decrease of 24.5% from the March 31st total of 42,900 shares. Based on an average daily volume of 51,100 shares, the days-to-cover ratio is currently 0.6 days.

NYSE MUA traded up $0.07 during trading hours on Tuesday, hitting $15.34. The company’s stock had a trading volume of 60,040 shares, compared to its average volume of 52,980. BlackRock MuniAssets Fund has a 52 week low of $12.64 and a 52 week high of $15.98. The company’s 50-day simple moving average is $15.10 and its two-hundred day simple moving average is $14.70.

The firm also recently declared a monthly dividend, which was paid on Monday, May 3rd. Investors of record on Thursday, April 15th were given a $0.0525 dividend. The ex-dividend date was Wednesday, April 14th. This represents a $0.63 annualized dividend and a yield of 4.11%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Keybank National Association OH lifted its position in BlackRock MuniAssets Fund by 17.5% in the 4th quarter. Keybank National Association OH now owns 911,719 shares of the investment management company’s stock valued at $13,384,000 after acquiring an additional 136,076 shares in the last quarter. Kestra Advisory Services LLC lifted its position in BlackRock MuniAssets Fund by 28.8% in the 4th quarter. Kestra Advisory Services LLC now owns 202,036 shares of the investment management company’s stock valued at $2,944,000 after acquiring an additional 45,212 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in BlackRock MuniAssets Fund by 1.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 192,690 shares of the investment management company’s stock valued at $2,829,000 after acquiring an additional 2,336 shares in the last quarter. Morgan Stanley lifted its position in BlackRock MuniAssets Fund by 1.7% in the 3rd quarter. Morgan Stanley now owns 144,528 shares of the investment management company’s stock valued at $1,989,000 after acquiring an additional 2,456 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in BlackRock MuniAssets Fund by 9.9% in the 4th quarter. Wells Fargo & Company MN now owns 107,337 shares of the investment management company’s stock valued at $1,576,000 after acquiring an additional 9,701 shares in the last quarter. 8.60% of the stock is currently owned by institutional investors and hedge funds.

About BlackRock MuniAssets Fund

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.

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