BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Stock Short Interest Report for September

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 134,412 shares, a growth of 128.4% from the September 15th total of 58,845 shares. Based on an average daily trading volume, of 571,769 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the company’s shares are sold short.

BlackRock MuniAssets Fund Stock Down 0.9%

MUA stock opened at $9.25 on Tuesday. BlackRock MuniAssets Fund has a one year low of $9.13 and a one year high of $11.26. The firm has a 50-day moving average of $9.81 and a two-hundred day moving average of $10.36.

BlackRock MuniAssets Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be issued a dividend of $0.0555 per share. The ex-dividend date is Friday, December 11th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 7.2%.

Institutional Investors Weigh In On BlackRock MuniAssets Fund

Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE purchased a new stake in shares of BlackRock MuniAssets Fund in the 2nd quarter valued at approximately $15,179,000. Rivernorth Capital Management LLC grew its position in BlackRock MuniAssets Fund by 177.9% during the 2nd quarter. Rivernorth Capital Management LLC now owns 868,104 shares of the investment management company’s stock worth $9,451,000 after purchasing an additional 555,694 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of BlackRock MuniAssets Fund by 27.0% in the 2nd quarter. Van ECK Associates Corp now owns 428,231 shares of the investment management company’s stock valued at $4,715,000 after purchasing an additional 90,992 shares during the period. PNC Financial Services Group Inc. grew its position in BlackRock MuniAssets Fund by 8.8% during the first quarter. PNC Financial Services Group Inc. now owns 280,957 shares of the investment management company’s stock valued at $2,981,000 after purchasing an additional 22,632 shares in the last quarter. Finally, Robinson Capital Management LLC grew its holdings in shares of BlackRock MuniAssets Fund by 42.0% during the 2nd quarter. Robinson Capital Management LLC now owns 183,406 shares of the investment management company’s stock valued at $2,008,000 after acquiring an additional 54,283 shares in the last quarter. Hedge funds and other institutional investors own 20.38% of the company’s stock.

About BlackRock MuniAssets Fund

BlackRock MuniAssets Fund, Inc (NYSE: MUA) is a closed-end investment company managed by BlackRock Advisors, LLC. The fund’s primary objective is to provide current income that is exempt from regular U.S. federal income tax.

The fund invests primarily in municipal bonds and other municipal obligations issued by states, territories, municipalities and governmental authorities in the United States. Its portfolio may include general obligation bonds, revenue bonds and other tax-exempt securities, with the selection of investments focused on supporting the fund’s income objective while managing credit and interest-rate risks.

BlackRock MuniAssets Fund is designed for investors seeking tax-exempt income through a professionally managed portfolio of municipal securities.