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

BlackRock MuniVest Fund, Inc. (NYSE:MVF) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 59,824 shares, a growth of 26.7% from the November 30th total of 47,230 shares. Based on an average trading volume of 163,732 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 163,732 shares, the days-to-cover ratio is presently 0.4 days.

BlackRock MuniVest Fund Stock Performance

NYSE:MVF traded up $0.05 on Thursday, hitting $6.90. 200,667 shares of the stock were exchanged, compared to its average volume of 170,852. BlackRock MuniVest Fund has a fifty-two week low of $6.43 and a fifty-two week high of $7.37. The stock has a fifty day moving average of $6.93 and a 200-day moving average of $6.79.

BlackRock MuniVest Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were issued a $0.036 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date was Monday, December 22nd.

Institutional Investors Weigh In On BlackRock MuniVest Fund

Several hedge funds have recently modified their holdings of the stock. City of London Investment Management Co. Ltd. purchased a new position in BlackRock MuniVest Fund in the 3rd quarter worth about $1,481,000. Raymond James Financial Inc. boosted its holdings in shares of BlackRock MuniVest Fund by 16.4% in the second quarter. Raymond James Financial Inc. now owns 931,347 shares of the company’s stock worth $6,128,000 after buying an additional 131,439 shares during the period. Linscomb Wealth Inc. acquired a new position in shares of BlackRock MuniVest Fund in the second quarter worth about $731,000. Bank of America Corp DE increased its position in shares of BlackRock MuniVest Fund by 23.4% in the third quarter. Bank of America Corp DE now owns 502,020 shares of the company’s stock worth $3,444,000 after acquiring an additional 95,341 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC acquired a new stake in shares of BlackRock MuniVest Fund during the second quarter valued at approximately $612,000. 48.16% of the stock is owned by hedge funds and other institutional investors.

About BlackRock MuniVest Fund

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.