Short Interest in BlackRock MuniVest Fund, Inc. (NYSE:MVF) Declines By 21.9%

Posted by Mark Dietrich on Sep 16th, 2024

BlackRock MuniVest Fund, Inc. (NYSE:MVF – Get Free Report) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 28,900 shares, a decline of 21.9% from the August 15th total of 37,000 shares. Based on an average daily trading volume, of 88,800 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On BlackRock MuniVest Fund

A number of institutional investors and hedge funds have recently bought and sold shares of MVF. Pineridge Advisors LLC bought a new stake in shares of BlackRock MuniVest Fund during the 4th quarter worth about $41,000. Pathway Financial Advisers LLC acquired a new position in shares of BlackRock MuniVest Fund during the 1st quarter valued at $59,000. Aviance Capital Partners LLC bought a new stake in shares of BlackRock MuniVest Fund in the 1st quarter worth $74,000. Cetera Advisors LLC acquired a new stake in shares of BlackRock MuniVest Fund in the first quarter valued at $101,000. Finally, Nomura Holdings Inc. bought a new position in BlackRock MuniVest Fund during the fourth quarter valued at about $158,000. Institutional investors own 48.16% of the company’s stock.

BlackRock MuniVest Fund Trading Up 0.7 %

Shares of MVF stock opened at $7.60 on Monday. BlackRock MuniVest Fund has a 1 year low of $5.85 and a 1 year high of $7.63. The stock has a fifty day moving average of $7.40 and a two-hundred day moving average of $7.16.

BlackRock MuniVest Fund Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a $0.036 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This is an increase from BlackRock MuniVest Fund’s previous dividend of $0.03.

BlackRock MuniVest Fund Company Profile

(Get Free Report)

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.