Short Interest in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Increases By 176.9%

BlackRock MuniAssets Fund, Inc. (NYSE:MUA – Get Rating) saw a significant growth in short interest in May. As of May 15th, there was short interest totalling 7,200 shares, a growth of 176.9% from the April 30th total of 2,600 shares. Based on an average trading volume of 76,800 shares, the short-interest ratio is currently 0.1 days.

BlackRock MuniAssets Fund Stock Down 0.2 %

Shares of BlackRock MuniAssets Fund stock traded down $0.02 during trading hours on Friday, hitting $9.95. 46,212 shares of the company’s stock traded hands, compared to its average volume of 86,419. The stock has a 50 day simple moving average of $10.34 and a 200-day simple moving average of $10.57. BlackRock MuniAssets Fund has a twelve month low of $9.47 and a twelve month high of $13.63.

BlackRock MuniAssets Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Monday, May 15th will be paid a dividend of $0.0405 per share. The ex-dividend date is Friday, May 12th. This represents a $0.49 annualized dividend and a dividend yield of 4.88%.

Institutional Trading of BlackRock MuniAssets Fund

Several large investors have recently modified their holdings of the business. Captrust Financial Advisors acquired a new position in BlackRock MuniAssets Fund in the second quarter worth about $31,000. Toth Financial Advisory Corp acquired a new position in BlackRock MuniAssets Fund in the fourth quarter worth about $35,000. Ameritas Advisory Services LLC bought a new position in BlackRock MuniAssets Fund in the first quarter worth about $41,000. Pathstone Family Office LLC bought a new position in BlackRock MuniAssets Fund in the fourth quarter worth about $10,492,000. Finally, WealthPlan Investment Management LLC bought a new position in BlackRock MuniAssets Fund in the first quarter worth about $46,000. 11.76% of the stock is currently owned by institutional investors and hedge funds.

About BlackRock MuniAssets Fund

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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.