BlackRock MuniVest Fund, Inc. (NYSE:MVF) Short Interest Up 192.8% in January

BlackRock MuniVest Fund, Inc. (NYSE:MVF) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 62,846 shares, a growth of 192.8% from the December 31st total of 21,461 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 120,132 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 120,132 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the company’s stock are short sold.

BlackRock MuniVest Fund Stock Up 0.2%

NYSE MVF opened at $7.00 on Friday. BlackRock MuniVest Fund has a 1-year low of $6.43 and a 1-year high of $7.37. The firm’s fifty day simple moving average is $6.93 and its 200-day simple moving average is $6.85.

BlackRock MuniVest Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 6th will be paid a $0.036 dividend. The ex-dividend date is Friday, February 6th. This represents a c) dividend on an annualized basis and a yield of 6.2%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Integrated Capital Management Inc. boosted its holdings in shares of BlackRock MuniVest Fund by 5.2% during the 3rd quarter. Integrated Capital Management Inc. now owns 34,255 shares of the company’s stock worth $235,000 after buying an additional 1,686 shares during the period. Van ECK Associates Corp lifted its position in BlackRock MuniVest Fund by 0.5% during the 3rd quarter. Van ECK Associates Corp now owns 368,865 shares of the company’s stock worth $2,530,000 after acquiring an additional 1,743 shares during the last quarter. Royal Bank of Canada boosted its holdings in BlackRock MuniVest Fund by 2.4% during the first quarter. Royal Bank of Canada now owns 74,834 shares of the company’s stock valued at $525,000 after acquiring an additional 1,779 shares during the period. Geneos Wealth Management Inc. grew its position in shares of BlackRock MuniVest Fund by 88.1% in the second quarter. Geneos Wealth Management Inc. now owns 4,728 shares of the company’s stock valued at $31,000 after purchasing an additional 2,215 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of BlackRock MuniVest Fund by 1.4% in the second quarter. Envestnet Asset Management Inc. now owns 168,766 shares of the company’s stock valued at $1,110,000 after purchasing an additional 2,293 shares during the last quarter. Institutional investors and hedge funds own 48.16% of the company’s stock.

BlackRock MuniVest Fund Company Profile

BlackRock MuniVest Fund, Inc (NYSE: MVF) is an actively managed, closed-end investment company that seeks to provide current income exempt from federal income tax, with a secondary objective of capital appreciation. The Fund primarily invests in investment-grade municipal securities issued by U.S. states, territories, municipalities, agencies and authorities. By focusing on high-quality tax-exempt bonds, the fund aims to deliver a steady stream of federally tax-exempt distributions to its shareholders.

The fund’s portfolio typically includes bonds across a range of maturities and sectors, with an emphasis on intermediate to long-term durations.