BlackRock MuniVest Fund, Inc. (NYSE:MVF) Short Interest Update

BlackRock MuniVest Fund, Inc. (NYSE:MVF) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 53,500 shares, a decline of 20.7% from the May 31st total of 67,500 shares. Based on an average trading volume of 135,100 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On BlackRock MuniVest Fund

A number of hedge funds have recently made changes to their positions in MVF. Pathway Financial Advisers LLC acquired a new stake in BlackRock MuniVest Fund during the 1st quarter valued at $59,000. Cetera Advisors LLC acquired a new position in shares of BlackRock MuniVest Fund in the 1st quarter valued at about $101,000. B. Riley Wealth Advisors Inc. boosted its holdings in shares of BlackRock MuniVest Fund by 105.4% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 22,910 shares of the company’s stock valued at $162,000 after buying an additional 11,755 shares during the period. Robinson Capital Management LLC boosted its holdings in shares of BlackRock MuniVest Fund by 17.5% in the 1st quarter. Robinson Capital Management LLC now owns 1,028,528 shares of the company’s stock valued at $7,004,000 after buying an additional 153,221 shares during the period. Finally, Karpus Management Inc. lifted its position in BlackRock MuniVest Fund by 10.3% in the 1st quarter. Karpus Management Inc. now owns 10,208,746 shares of the company’s stock valued at $72,074,000 after purchasing an additional 955,073 shares during the last quarter. Hedge funds and other institutional investors own 48.16% of the company’s stock.

BlackRock MuniVest Fund Price Performance

MVF traded down $0.03 on Friday, reaching $7.17. The company had a trading volume of 38,760 shares, compared to its average volume of 78,000. The stock has a 50-day moving average price of $7.03 and a 200-day moving average price of $7.00. BlackRock MuniVest Fund has a 1 year low of $5.85 and a 1 year high of $7.23.

BlackRock MuniVest Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date is Friday, June 14th.

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.