BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Short Interest Up 69.6% in July

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 44,831 shares, a growth of 69.6% from the June 30th total of 26,441 shares. Based on an average trading volume of 90,279 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the company’s shares are short sold.

BlackRock MuniAssets Fund Stock Down 0.6%

NYSE MUA opened at $10.17 on Friday. BlackRock MuniAssets Fund has a one year low of $10.13 and a one year high of $11.79. The stock’s 50-day moving average is $10.72 and its 200-day moving average is $10.79.

BlackRock MuniAssets Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a dividend of $0.0555 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Tuesday, September 15th.

Hedge Funds Weigh In On BlackRock MuniAssets Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its holdings in BlackRock MuniAssets Fund by 60.1% during the 1st quarter. NewEdge Advisors LLC now owns 115,299 shares of the investment management company’s stock worth $1,223,000 after purchasing an additional 43,293 shares in the last quarter. Rivernorth Capital Management LLC lifted its holdings in shares of BlackRock MuniAssets Fund by 51.4% in the first quarter. Rivernorth Capital Management LLC now owns 312,410 shares of the investment management company’s stock valued at $3,315,000 after purchasing an additional 106,043 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of BlackRock MuniAssets Fund by 89.2% in the first quarter. Royal Bank of Canada now owns 171,937 shares of the investment management company’s stock valued at $1,824,000 after purchasing an additional 81,069 shares in the last quarter. Wealth Alliance LLC lifted its holdings in shares of BlackRock MuniAssets Fund by 42.7% in the first quarter. Wealth Alliance LLC now owns 90,736 shares of the investment management company’s stock valued at $963,000 after purchasing an additional 27,129 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of BlackRock MuniAssets Fund by 8.8% during the first quarter. PNC Financial Services Group Inc. now owns 280,957 shares of the investment management company’s stock worth $2,981,000 after buying an additional 22,632 shares during the period. 20.38% of the stock is owned by institutional investors and hedge funds.

About BlackRock MuniAssets Fund

BlackRock MuniAssets Fund, Inc (NYSE: MUA) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. Managed by BlackRock, one of the world’s leading investment managers, the fund primarily invests in a diversified portfolio of investment-grade municipal debt obligations. Its holdings typically include general obligation and revenue bonds issued by state and local governments, utilities, and infrastructure entities across the United States.

The fund employs a combination of active security selection and duration management to navigate changing interest rate and credit environments.