Short Interest in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Drops By 24.5%


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BlackRock MuniAssets Fund, Inc. (NYSE:MUA) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 32,400 shares, a drop of 24.5% from the March 31st total of 42,900 shares. Based on an average daily trading volume, of 51,100 shares, the days-to-cover ratio is presently 0.6 days.

A number of hedge funds have recently added to or reduced their stakes in MUA. Morgan Stanley increased its holdings in BlackRock MuniAssets Fund by 1.7% in the 3rd quarter. Morgan Stanley now owns 144,528 shares of the investment management company’s stock valued at $1,989,000 after buying an additional 2,456 shares during the period. Access Financial Services Inc. lifted its stake in BlackRock MuniAssets Fund by 24.5% in the 4th quarter. Access Financial Services Inc. now owns 27,165 shares of the investment management company’s stock valued at $399,000 after purchasing an additional 5,345 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in BlackRock MuniAssets Fund in the fourth quarter valued at approximately $82,000. Kestra Advisory Services LLC grew its stake in shares of BlackRock MuniAssets Fund by 28.8% during the fourth quarter. Kestra Advisory Services LLC now owns 202,036 shares of the investment management company’s stock worth $2,944,000 after buying an additional 45,212 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of BlackRock MuniAssets Fund during the fourth quarter worth $175,000. 8.60% of the stock is currently owned by hedge funds and other institutional investors.

MUA stock traded up $0.07 during mid-day trading on Tuesday, hitting $15.34. The stock had a trading volume of 60,040 shares, compared to its average volume of 52,980. BlackRock MuniAssets Fund has a 52 week low of $12.64 and a 52 week high of $15.98. The firm has a fifty day simple moving average of $15.10 and a 200 day simple moving average of $14.70.

The company also recently announced a monthly dividend, which was paid on Monday, May 3rd. Shareholders of record on Thursday, April 15th were issued a $0.0525 dividend. This represents a $0.63 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend was Wednesday, April 14th.

BlackRock MuniAssets Fund Company Profile

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.

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