Short Interest in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) Decreases By 20.0%

BlackRock Municipal Income Fund, Inc. (NYSE:MUI) 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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Karpus Management Inc. grew its holdings in BlackRock Municipal Income Fund by 7.9% in the 1st quarter. Karpus Management Inc. now owns 13,377,640 shares of the company’s stock valued at $161,334,000 after buying an additional 973,763 shares during the last quarter. Pathstone Holdings LLC acquired a new stake in BlackRock Municipal Income Fund in the 4th quarter worth $36,451,000. Van ECK Associates Corp raised its position in shares of BlackRock Municipal Income Fund by 3.0% during the first quarter. Van ECK Associates Corp now owns 551,645 shares of the company’s stock valued at $6,653,000 after buying an additional 15,933 shares during the last quarter. Intellectus Partners LLC lifted its stake in shares of BlackRock Municipal Income Fund by 5.3% in the fourth quarter. Intellectus Partners LLC now owns 410,547 shares of the company’s stock valued at $4,779,000 after buying an additional 20,828 shares during the period. Finally, Robinson Capital Management LLC grew its position in BlackRock Municipal Income Fund by 26.6% during the fourth quarter. Robinson Capital Management LLC now owns 397,932 shares of the company’s stock worth $4,640,000 after buying an additional 83,659 shares in the last quarter.

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.