BlackRock MuniVest Fund, Inc. (NYSE:MVF) Sees Large Decline in Short Interest

BlackRock MuniVest Fund, Inc. (NYSE:MVF) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 37,307 shares, a drop of 40.6% from the January 15th total of 62,846 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 141,377 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 141,377 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On BlackRock MuniVest Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp grew its holdings in BlackRock MuniVest Fund by 15.0% during the fourth quarter. Van ECK Associates Corp now owns 424,362 shares of the company’s stock worth $2,941,000 after acquiring an additional 55,497 shares during the period. Hollencrest Capital Management bought a new position in shares of BlackRock MuniVest Fund during the 4th quarter valued at about $50,000. Jane Street Group LLC acquired a new position in shares of BlackRock MuniVest Fund in the 4th quarter worth approximately $194,000. Steward Partners Investment Advisory LLC grew its stake in shares of BlackRock MuniVest Fund by 23.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,335 shares of the company’s stock worth $85,000 after purchasing an additional 2,303 shares during the last quarter. Finally, Nuveen LLC raised its holdings in shares of BlackRock MuniVest Fund by 25.0% in the 4th quarter. Nuveen LLC now owns 38,432 shares of the company’s stock worth $266,000 after purchasing an additional 7,687 shares in the last quarter. 48.16% of the stock is currently owned by institutional investors.

BlackRock MuniVest Fund Price Performance

Shares of NYSE:MVF traded down $0.02 during trading hours on Friday, hitting $7.05. The stock had a trading volume of 296,821 shares, compared to its average volume of 149,596. The stock’s fifty day simple moving average is $6.95 and its 200 day simple moving average is $6.89. BlackRock MuniVest Fund has a 1-year low of $6.43 and a 1-year high of $7.36.

BlackRock MuniVest Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 6th will be paid a $0.036 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a c) annualized dividend and a dividend yield of 6.1%.

BlackRock MuniVest Fund Company Profile

BlackRock MuniVest Fund, Inc (NYSE: MVF) is an actively managed, closed-end investment company that seeks to provide current income exempt from federal income tax, with a secondary objective of capital appreciation. The Fund primarily invests in investment-grade municipal securities issued by U.S. states, territories, municipalities, agencies and authorities. By focusing on high-quality tax-exempt bonds, the fund aims to deliver a steady stream of federally tax-exempt distributions to its shareholders.

The fund’s portfolio typically includes bonds across a range of maturities and sectors, with an emphasis on intermediate to long-term durations.