BlackRock MuniVest Fund, Inc. (NYSE:MVF) Short Interest Update

BlackRock MuniVest Fund, Inc. (NYSE:MVF) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 23,400 shares, an increase of 146.3% from the March 31st total of 9,500 shares. Based on an average trading volume of 136,400 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MVF. Dakota Wealth Management raised its holdings in BlackRock MuniVest Fund by 6.7% in the 1st quarter. Dakota Wealth Management now owns 236,271 shares of the company’s stock valued at $1,668,000 after acquiring an additional 14,890 shares in the last quarter. Ackerman Capital Advisors LLC acquired a new position in BlackRock MuniVest Fund during the 1st quarter worth approximately $203,000. Aviance Capital Partners LLC acquired a new position in shares of BlackRock MuniVest Fund during the first quarter worth $74,000. Nomura Holdings Inc. bought a new position in BlackRock MuniVest Fund in the fourth quarter valued at about $158,000. Finally, PNC Financial Services Group Inc. raised its holdings in BlackRock MuniVest Fund by 45.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 302,700 shares of the company’s stock valued at $2,155,000 after buying an additional 94,000 shares during the last quarter. 48.16% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniVest Fund Trading Up 0.4 %

MVF stock traded up $0.03 during mid-day trading on Friday, hitting $6.82. 188,682 shares of the company were exchanged, compared to its average volume of 162,721. BlackRock MuniVest Fund has a 1-year low of $5.85 and a 1-year high of $7.19. The business has a 50 day simple moving average of $6.96 and a 200-day simple moving average of $6.80.

BlackRock MuniVest Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.36 annualized dividend and a yield of 5.28%.

About BlackRock MuniVest Fund

BlackRock MuniVest 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 the fixed income markets of the United States. It primarily invests in investment grade, long term municipal obligations that are exempt from federal income taxes.