BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Sees Large Decline in Short Interest

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 14,100 shares, a decline of 28.8% from the February 13th total of 19,800 shares. Based on an average daily trading volume, of 126,000 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. ST Germain D J Co. Inc. acquired a new position in BlackRock MuniAssets Fund during the 4th quarter valued at about $33,000. Measured Risk Portfolios Inc. acquired a new position in BlackRock MuniAssets Fund during the 4th quarter valued at about $49,000. Wolverine Asset Management LLC acquired a new position in BlackRock MuniAssets Fund during the 4th quarter valued at about $60,000. River Street Advisors LLC acquired a new position in BlackRock MuniAssets Fund during the 4th quarter valued at about $119,000. Finally, Finward Bancorp acquired a new position in BlackRock MuniAssets Fund during the 4th quarter valued at about $172,000. 20.38% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniAssets Fund Trading Down 0.2 %

Shares of NYSE MUA traded down $0.02 during midday trading on Friday, hitting $10.71. The company’s stock had a trading volume of 91,621 shares, compared to its average volume of 93,998. BlackRock MuniAssets Fund has a 1-year low of $10.64 and a 1-year high of $12.69. The firm’s fifty day moving average price is $11.03 and its 200-day moving average price is $11.64.

BlackRock MuniAssets Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.0555 per share. This represents a $0.67 dividend on an annualized basis and a yield of 6.22%. The ex-dividend date of this dividend is Friday, March 14th.

About BlackRock MuniAssets Fund

BlackRock MuniAssets 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 seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of medium-to-lower grade or unrated municipal obligations the interest on which is exempt from federal income taxes.