Blackrock Muniyield Insured Fund Inc. (NYSE:MYI) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 24,500 shares, an increase of 19.5% from the August 15th total of 20,500 shares. Based on an average daily volume of 99,900 shares, the days-to-cover ratio is presently 0.2 days.
Several institutional investors and hedge funds have recently modified their holdings of the stock. First Trust Advisors LP boosted its holdings in Blackrock Muniyield Insured Fund by 11.1% in the 1st quarter. First Trust Advisors LP now owns 92,042 shares of the investment management company’s stock valued at $1,190,000 after purchasing an additional 9,226 shares during the last quarter. Bartlett & Co. LLC purchased a new position in Blackrock Muniyield Insured Fund during the 1st quarter valued at about $37,000. Cambridge Investment Research Advisors Inc. grew its stake in Blackrock Muniyield Insured Fund by 27.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,632 shares of the investment management company’s stock valued at $174,000 after acquiring an additional 2,923 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Blackrock Muniyield Insured Fund by 3.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 335,292 shares of the investment management company’s stock valued at $4,285,000 after acquiring an additional 12,455 shares in the last quarter. Finally, Fiera Capital Corp grew its stake in Blackrock Muniyield Insured Fund by 18.6% during the 1st quarter. Fiera Capital Corp now owns 276,846 shares of the investment management company’s stock valued at $3,538,000 after acquiring an additional 43,445 shares in the last quarter. 29.03% of the stock is owned by institutional investors.
Shares of Blackrock Muniyield Insured Fund stock traded up $0.01 on Wednesday, hitting $13.38. The company had a trading volume of 38,653 shares, compared to its average volume of 151,595. Blackrock Muniyield Insured Fund has a 1 year low of $9.65 and a 1 year high of $14.50. The stock has a 50 day moving average of $13.56 and a 200-day moving average of $12.97.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a $0.0445 dividend. This represents a $0.53 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend is Monday, September 14th.
About Blackrock Muniyield Insured Fund
BlackRock MuniYield Quality Fund III, 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 invests primarily in a portfolio of long-term investment-grade municipal obligations exempt from federal income taxes.
Featured Article: Certificate of Deposit (CD) For Risk Adverse Investors?
Receive News & Ratings for Blackrock Muniyield Insured Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackrock Muniyield Insured Fund and related companies with MarketBeat.com's FREE daily email newsletter.