BlackRock Municipal Income Fund, Inc. (NYSE:MUI – Get Free Report) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 38,000 shares, a growth of 341.9% from the September 30th total of 8,600 shares. Based on an average daily trading volume, of 358,300 shares, the short-interest ratio is currently 0.1 days.
BlackRock Municipal Income Fund Stock Performance
MUI stock traded up $0.03 during mid-day trading on Friday, hitting $12.44. 244,525 shares of the company were exchanged, compared to its average volume of 238,188. The firm’s 50 day simple moving average is $12.51 and its 200 day simple moving average is $12.27. BlackRock Municipal Income Fund has a 1-year low of $9.73 and a 1-year high of $12.83.
BlackRock Municipal Income Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.66 annualized dividend and a yield of 5.31%.
Institutional Trading of BlackRock Municipal Income Fund
BlackRock Municipal Income Fund Company Profile
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.
Read More
- Five stocks we like better than BlackRock Municipal Income Fund
- What Is WallStreetBets and What Stocks Are They Targeting?
- Texas Roadhouse Stock Steering for New Highs This Year
- High Flyers: 3 Natural Gas Stocks for March 2022
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- Election Stocks: How Elections Affect the Stock Market
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for BlackRock Municipal Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Municipal Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.