Short Interest in BlackRock MuniVest Fund, Inc. (NYSE:MVF) Drops By 19.2%

BlackRock MuniVest Fund, Inc. (NYSE:MVF) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 35,000 shares, a drop of 19.2% from the October 15th total of 43,300 shares. Based on an average daily volume of 93,000 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On BlackRock MuniVest Fund

Several large investors have recently modified their holdings of MVF. Karpus Management Inc. grew its stake in BlackRock MuniVest Fund by 10.3% during the first quarter. Karpus Management Inc. now owns 10,208,746 shares of the company’s stock worth $72,074,000 after purchasing an additional 955,073 shares during the period. Robinson Capital Management LLC grew its position in shares of BlackRock MuniVest Fund by 17.5% during the 1st quarter. Robinson Capital Management LLC now owns 1,028,528 shares of the company’s stock worth $7,004,000 after buying an additional 153,221 shares during the period. Rothschild Investment LLC bought a new stake in shares of BlackRock MuniVest Fund in the 2nd quarter valued at $955,000. Pathway Financial Advisers LLC increased its stake in shares of BlackRock MuniVest Fund by 666.2% in the 3rd quarter. Pathway Financial Advisers LLC now owns 64,656 shares of the company’s stock valued at $491,000 after acquiring an additional 56,218 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of BlackRock MuniVest Fund during the 3rd quarter valued at $3,180,000. 48.16% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniVest Fund Stock Performance

Shares of BlackRock MuniVest Fund stock traded down $0.04 during trading on Friday, hitting $7.28. The company’s stock had a trading volume of 75,964 shares, compared to its average volume of 122,748. BlackRock MuniVest Fund has a 52 week low of $6.56 and a 52 week high of $7.64. The stock has a 50-day moving average price of $7.45 and a two-hundred day moving average price of $7.31.

BlackRock MuniVest Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a $0.036 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date is Friday, November 15th.

BlackRock MuniVest Fund Company Profile

BlackRock MuniVest 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 the fixed income markets of the United States. It primarily invests in investment grade, long term municipal obligations that are exempt from federal income taxes.