BlackRock MuniYield Fund, Inc. (NYSE:MYD) Short Interest Update

BlackRock MuniYield Fund, Inc. (NYSE:MYD) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 21,600 shares, an increase of 52.1% from the February 13th total of 14,200 shares. Based on an average daily trading volume, of 162,100 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Tanglewood Legacy Advisors LLC purchased a new position in shares of BlackRock MuniYield Fund in the fourth quarter valued at $47,000. Avidian Wealth Enterprises LLC purchased a new position in shares of BlackRock MuniYield Fund in the fourth quarter valued at $105,000. Simon Quick Advisors LLC purchased a new position in shares of BlackRock MuniYield Fund in the fourth quarter valued at $110,000. Independent Advisor Alliance purchased a new position in shares of BlackRock MuniYield Fund in the fourth quarter valued at $120,000. Finally, Wolverine Asset Management LLC lifted its position in BlackRock MuniYield Fund by 740.0% in the fourth quarter. Wolverine Asset Management LLC now owns 11,760 shares of the financial services provider’s stock worth $122,000 after buying an additional 10,360 shares during the last quarter. 33.77% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Fund Trading Down 0.9 %

MYD traded down $0.10 during trading on Friday, reaching $10.49. 85,334 shares of the company traded hands, compared to its average volume of 142,062. BlackRock MuniYield Fund has a 12-month low of $10.27 and a 12-month high of $11.74. The firm has a fifty day simple moving average of $10.70 and a 200 day simple moving average of $11.02.

BlackRock MuniYield Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.0545 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date of this dividend is Friday, March 14th.

BlackRock MuniYield Fund Company Profile

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.