BlackRock MuniYield Fund, Inc. (NYSE:MYD) Short Interest Down 28.5% in November

BlackRock MuniYield Fund, Inc. (NYSE:MYD) was the recipient of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 154,600 shares, a decrease of 28.5% from the November 15th total of 216,200 shares. Based on an average daily volume of 142,400 shares, the days-to-cover ratio is presently 1.1 days.

BlackRock MuniYield Fund Stock Performance

MYD traded down $0.09 during midday trading on Friday, reaching $11.07. The company’s stock had a trading volume of 93,275 shares, compared to its average volume of 162,393. The company has a fifty day simple moving average of $11.27 and a 200 day simple moving average of $11.13. BlackRock MuniYield Fund has a twelve month low of $10.35 and a twelve month high of $11.74.

BlackRock MuniYield Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.0545 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.65 annualized dividend and a dividend yield of 5.91%.

Hedge Funds Weigh In On BlackRock MuniYield Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC boosted its holdings in BlackRock MuniYield Fund by 10.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 21,528 shares of the financial services provider’s stock valued at $240,000 after purchasing an additional 2,000 shares during the period. Virtu Financial LLC acquired a new position in shares of BlackRock MuniYield Fund during the third quarter valued at about $230,000. Intellectus Partners LLC lifted its stake in shares of BlackRock MuniYield Fund by 10.1% in the third quarter. Intellectus Partners LLC now owns 76,000 shares of the financial services provider’s stock valued at $872,000 after buying an additional 7,000 shares during the period. J.W. Cole Advisors Inc. acquired a new stake in BlackRock MuniYield Fund during the third quarter worth about $605,000. Finally, Private Advisor Group LLC bought a new position in BlackRock MuniYield Fund during the third quarter valued at about $138,000. Institutional investors own 33.77% of the company’s stock.

About BlackRock MuniYield Fund

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.