BlackRock Municipal Income Fund, Inc. (NYSE:MUI – Get Free Report) saw a significant decrease in short interest in July. As of July 31st, there was short interest totalling 37,900 shares, a decrease of 20.0% from the July 15th total of 47,400 shares. Based on an average daily trading volume, of 186,200 shares, the short-interest ratio is currently 0.2 days.
BlackRock Municipal Income Fund Price Performance
NYSE:MUI traded up $0.05 during trading hours on Friday, hitting $12.50. 154,904 shares of the stock traded hands, compared to its average volume of 191,911. BlackRock Municipal Income Fund has a fifty-two week low of $9.73 and a fifty-two week high of $12.52. The firm has a 50 day moving average price of $12.34 and a 200 day moving average price of $12.03.
BlackRock Municipal Income Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.055 per share. The ex-dividend date is Thursday, August 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.28%.
Institutional Trading of BlackRock Municipal Income Fund
About BlackRock Municipal Income Fund
BlackRock Muni Intermediate Duration 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 fixed income markets. It primarily invests in investment grade municipal bonds exempt from federal income taxes and with a duration of three to ten years at the time of investment.
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