BlackRock MuniVest Fund Inc. (NYSE:MVF) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 120,890 shares, a growth of 421.5% from the October 13th total of 23,180 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 83,211 shares, the days-to-cover ratio is presently 1.5 days.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MVF. Robinson Capital Management LLC increased its position in shares of BlackRock MuniVest Fund by 262.6% during the 2nd quarter. Robinson Capital Management LLC now owns 245,936 shares of the investment management company’s stock valued at $2,381,000 after purchasing an additional 178,109 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of BlackRock MuniVest Fund by 1,494.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 73,531 shares of the investment management company’s stock valued at $713,000 after purchasing an additional 68,920 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of BlackRock MuniVest Fund by 41.7% during the 2nd quarter. Wells Fargo & Company MN now owns 209,199 shares of the investment management company’s stock valued at $2,025,000 after acquiring an additional 61,514 shares during the period. BB&T Securities LLC grew its stake in shares of BlackRock MuniVest Fund by 26.5% during the 2nd quarter. BB&T Securities LLC now owns 176,741 shares of the investment management company’s stock valued at $1,710,000 after acquiring an additional 37,041 shares during the period. Finally, Doliver Capital Advisors LP grew its stake in shares of BlackRock MuniVest Fund by 95.7% during the 2nd quarter. Doliver Capital Advisors LP now owns 65,178 shares of the investment management company’s stock valued at $631,000 after acquiring an additional 31,873 shares during the period.

Shares of BlackRock MuniVest Fund (NYSE:MVF) opened at $9.75 on Tuesday. BlackRock MuniVest Fund has a 52-week low of $9.34 and a 52-week high of $10.11.

The firm also recently declared a monthly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.046 per share. This represents a $0.55 annualized dividend and a dividend yield of 5.66%. The ex-dividend date is Tuesday, November 14th.

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BlackRock MuniVest Fund Company Profile

BlackRock MuniVest Fund, Inc is a non-diversified, closed-end management investment company. The Trust’s 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.

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