BlackRock MuniYield Fund, Inc. (NYSE:MYD) Short Interest Down 47.3% in March

BlackRock MuniYield Fund, Inc. (NYSE:MYD) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 291,400 shares, a decrease of 47.3% from the February 29th total of 552,700 shares. Based on an average daily volume of 244,300 shares, the short-interest ratio is presently 1.2 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pathstone Holdings LLC bought a new stake in BlackRock MuniYield Fund in the fourth quarter worth approximately $12,396,000. Morgan Stanley raised its stake in shares of BlackRock MuniYield Fund by 32.2% in the 4th quarter. Morgan Stanley now owns 2,064,779 shares of the financial services provider’s stock valued at $21,494,000 after buying an additional 503,412 shares in the last quarter. Rivernorth Capital Management LLC raised its stake in shares of BlackRock MuniYield Fund by 25.1% in the 2nd quarter. Rivernorth Capital Management LLC now owns 1,543,216 shares of the financial services provider’s stock valued at $16,111,000 after buying an additional 310,122 shares in the last quarter. Advisor Partners II LLC acquired a new stake in shares of BlackRock MuniYield Fund during the 3rd quarter worth about $2,521,000. Finally, Robinson Capital Management LLC grew its holdings in BlackRock MuniYield Fund by 107.1% during the 4th quarter. Robinson Capital Management LLC now owns 458,441 shares of the financial services provider’s stock worth $4,947,000 after acquiring an additional 237,121 shares during the last quarter. 33.77% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield Fund Stock Performance

Shares of NYSE:MYD traded up $0.05 during midday trading on Thursday, hitting $11.06. 159,102 shares of the company’s stock traded hands, compared to its average volume of 243,392. The firm’s fifty day moving average price is $10.93 and its two-hundred day moving average price is $10.28. BlackRock MuniYield Fund has a twelve month low of $8.76 and a twelve month high of $11.30.

BlackRock MuniYield Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be given a $0.0525 dividend. This represents a $0.63 annualized dividend and a dividend yield of 5.70%. The ex-dividend date is Thursday, March 14th.

About BlackRock MuniYield Fund

BlackRock MuniYield Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets. The fund primarily in long-term investment-grade municipal bonds with a maturity of more than ten years. It is exempt from federal income taxes.