Short Interest in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) Grows By 341.9%

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

Hedge funds have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. raised its holdings in BlackRock Municipal Income Fund by 21.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 14,912 shares of the company’s stock worth $180,000 after buying an additional 2,662 shares during the period. Wolverine Asset Management LLC acquired a new stake in shares of BlackRock Municipal Income Fund in the second quarter valued at approximately $27,000. Choreo LLC raised its holdings in shares of BlackRock Municipal Income Fund by 101.2% in the second quarter. Choreo LLC now owns 56,785 shares of the company’s stock valued at $700,000 after purchasing an additional 28,565 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of BlackRock Municipal Income Fund by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 67,077 shares of the company’s stock valued at $828,000 after purchasing an additional 1,451 shares during the last quarter. Finally, Pathway Financial Advisers LLC raised its holdings in shares of BlackRock Municipal Income Fund by 2.6% in the second quarter. Pathway Financial Advisers LLC now owns 32,240 shares of the company’s stock valued at $398,000 after purchasing an additional 808 shares during the last quarter.

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.