Short Interest in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Expands By 223.6%

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 56,832 shares, an increase of 223.6% from the April 30th total of 17,565 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 117,456 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC raised its stake in BlackRock MuniAssets Fund by 2.5% during the 2nd quarter. NewEdge Advisors LLC now owns 50,328 shares of the investment management company’s stock worth $523,000 after buying an additional 1,217 shares during the period. Ashton Thomas Private Wealth LLC raised its stake in BlackRock MuniAssets Fund by 14.8% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 15,500 shares of the investment management company’s stock worth $166,000 after buying an additional 2,000 shares during the period. Wells Fargo & Company MN raised its stake in BlackRock MuniAssets Fund by 3.3% during the 4th quarter. Wells Fargo & Company MN now owns 114,743 shares of the investment management company’s stock worth $1,229,000 after buying an additional 3,653 shares during the period. Osaic Holdings Inc. raised its stake in BlackRock MuniAssets Fund by 3.0% during the 4th quarter. Osaic Holdings Inc. now owns 156,361 shares of the investment management company’s stock worth $1,675,000 after buying an additional 4,614 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in BlackRock MuniAssets Fund during the 4th quarter worth $50,000. Institutional investors and hedge funds own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Price Performance

MUA stock opened at $10.77 on Friday. The business’s fifty day moving average is $10.62 and its 200-day moving average is $10.79. BlackRock MuniAssets Fund has a twelve month low of $10.02 and a twelve month high of $11.79.

About BlackRock MuniAssets Fund

BlackRock MuniAssets Fund, Inc (NYSE: MUA) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. Managed by BlackRock, one of the world’s leading investment managers, the fund primarily invests in a diversified portfolio of investment-grade municipal debt obligations. Its holdings typically include general obligation and revenue bonds issued by state and local governments, utilities, and infrastructure entities across the United States.

The fund employs a combination of active security selection and duration management to navigate changing interest rate and credit environments.