BlackRock MuniYield Fund, Inc. (NYSE:MYD) Sees Large Drop in Short Interest

BlackRock MuniYield Fund, Inc. (NYSE:MYD) was the recipient of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 22,400 shares, a drop of 36.2% from the May 15th total of 35,100 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 134,300 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On BlackRock MuniYield Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Guggenheim Capital LLC boosted its stake in BlackRock MuniYield Fund by 4.2% in the fourth quarter. Guggenheim Capital LLC now owns 1,107,224 shares of the financial services provider’s stock valued at $11,504,000 after acquiring an additional 44,598 shares during the last quarter. Congress Park Capital LLC raised its stake in BlackRock MuniYield Fund by 13.0% in the 1st quarter. Congress Park Capital LLC now owns 809,000 shares of the financial services provider’s stock valued at $8,535,000 after acquiring an additional 93,000 shares during the period. Mackay Shields LLC lifted its holdings in BlackRock MuniYield Fund by 43.6% during the first quarter. Mackay Shields LLC now owns 558,209 shares of the financial services provider’s stock valued at $5,889,000 after purchasing an additional 169,456 shares during the last quarter. City of London Investment Management Co. Ltd. lifted its stake in shares of BlackRock MuniYield Fund by 251.6% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 473,939 shares of the financial services provider’s stock valued at $5,000,000 after buying an additional 339,141 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in BlackRock MuniYield Fund by 6.5% in the 4th quarter. Van ECK Associates Corp now owns 347,642 shares of the financial services provider’s stock valued at $3,612,000 after buying an additional 21,337 shares in the last quarter. Institutional investors and hedge funds own 33.77% of the company’s stock.

BlackRock MuniYield Fund Price Performance

NYSE:MYD traded down $0.02 on Tuesday, hitting $9.97. The company had a trading volume of 48,926 shares, compared to its average volume of 123,491. The firm has a 50 day moving average of $10.06 and a two-hundred day moving average of $10.47. BlackRock MuniYield Fund has a 52 week low of $9.65 and a 52 week high of $11.74.

BlackRock MuniYield Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a dividend of $0.0545 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.56%.

About BlackRock MuniYield Fund

BlackRock MuniYield Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets. The fund primarily in long-term investment-grade municipal bonds with a maturity of more than ten years. It is exempt from federal income taxes.