Short Interest in BlackRock MuniVest Fund, Inc. (NYSE:MVF) Increases By 146.3%

BlackRock MuniVest Fund, Inc. (NYSE:MVF) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 23,400 shares, an increase of 146.3% from the March 31st total of 9,500 shares. Based on an average daily volume of 136,400 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of BlackRock MuniVest Fund

Several institutional investors have recently added to or reduced their stakes in MVF. Pineridge Advisors LLC bought a new position in shares of BlackRock MuniVest Fund in the fourth quarter worth approximately $41,000. Aviance Capital Partners LLC purchased a new position in shares of BlackRock MuniVest Fund in the first quarter valued at about $74,000. Transcend Capital Advisors LLC bought a new position in shares of BlackRock MuniVest Fund during the fourth quarter valued at about $84,000. Stonebrook Private Inc. purchased a new stake in shares of BlackRock MuniVest Fund during the fourth quarter worth about $91,000. Finally, Cerity Partners LLC bought a new stake in shares of BlackRock MuniVest Fund in the fourth quarter worth about $99,000. 48.16% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniVest Fund Trading Up 0.4 %

Shares of MVF stock traded up $0.03 during trading hours on Friday, hitting $6.82. 188,682 shares of the company’s stock were exchanged, compared to its average volume of 162,721. BlackRock MuniVest Fund has a 12-month low of $5.85 and a 12-month high of $7.19. The business’s 50 day simple moving average is $6.96 and its 200-day simple moving average is $6.80.

BlackRock MuniVest Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be given a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend is Friday, April 12th.

About BlackRock MuniVest Fund

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.