BlackRock MuniVest Fund, Inc. (NYSE:MVF) Short Interest Up 135.6% in December

BlackRock MuniVest Fund, Inc. (NYSE:MVF) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 21,200 shares, a growth of 135.6% from the December 15th total of 9,000 shares. Based on an average trading volume of 107,100 shares, the days-to-cover ratio is presently 0.2 days.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. increased its stake in shares of BlackRock MuniVest Fund by 11.1% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 174,610 shares of the company’s stock valued at $1,679,000 after acquiring an additional 17,428 shares during the last quarter. Citigroup Inc. grew its stake in shares of BlackRock MuniVest Fund by 112.7% during the 2nd quarter. Citigroup Inc. now owns 9,057 shares of the company’s stock worth $87,000 after acquiring an additional 4,799 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of BlackRock MuniVest Fund by 10.0% during the 2nd quarter. Van ECK Associates Corp now owns 347,066 shares of the company’s stock worth $3,339,000 after acquiring an additional 31,482 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of BlackRock MuniVest Fund by 13.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 42,114 shares of the company’s stock worth $405,000 after acquiring an additional 5,008 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in shares of BlackRock MuniVest Fund during the 2nd quarter worth approximately $109,000. Institutional investors and hedge funds own 22.60% of the company’s stock.

Shares of BlackRock MuniVest Fund stock opened at $9.37 on Friday. BlackRock MuniVest Fund has a 52-week low of $8.85 and a 52-week high of $9.90. The company’s fifty day moving average price is $9.49 and its two-hundred day moving average price is $9.62.

The business also recently declared a monthly dividend, which will be paid on Tuesday, February 1st. Investors of record on Friday, January 14th will be given a dividend of $0.0335 per share. The ex-dividend date is Thursday, January 13th. This represents a $0.40 annualized dividend and a yield of 4.29%.

BlackRock MuniVest Fund Company Profile

BlackRock MuniVest Fund, Inc operates as closed end investment fund. Its investment objective is to provide shareholders with as high a level of current income exempt from federal income taxes as is consistent with its investment policies and prudent investment management. The trust seeks to achieve its investment objective by investing its assets in municipal obligations exempt from federal income taxes.

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