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

BlackRock MuniVest Fund, Inc. (NYSE:MVF) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 26,200 shares, a decline of 21.8% from the December 15th total of 33,500 shares. Based on an average daily trading volume, of 117,600 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On BlackRock MuniVest Fund

A number of hedge funds have recently bought and sold shares of MVF. Wolverine Asset Management LLC purchased a new position in shares of BlackRock MuniVest Fund during the 3rd quarter valued at approximately $26,000. Larson Financial Group LLC boosted its stake in BlackRock MuniVest Fund by 233.3% during the 3rd quarter. Larson Financial Group LLC now owns 5,000 shares of the company’s stock valued at $38,000 after acquiring an additional 3,500 shares during the last quarter. US Bancorp DE bought a new position in BlackRock MuniVest Fund during the 3rd quarter valued at $64,000. Benjamin Edwards Inc. acquired a new position in BlackRock MuniVest Fund during the 3rd quarter worth $160,000. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in shares of BlackRock MuniVest Fund in the 3rd quarter worth about $164,000. Institutional investors and hedge funds own 48.16% of the company’s stock.

BlackRock MuniVest Fund Stock Performance

NYSE:MVF traded up $0.03 on Friday, reaching $7.18. The stock had a trading volume of 34,805 shares, compared to its average volume of 90,900. The company has a 50-day moving average of $7.26 and a 200 day moving average of $7.36. BlackRock MuniVest Fund has a 12-month low of $6.73 and a 12-month high of $7.64.

BlackRock MuniVest Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be issued a $0.036 dividend. This represents a $0.43 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date of this dividend is Wednesday, January 15th.

About BlackRock MuniVest Fund

BlackRock MuniVest 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 the fixed income markets of the United States. It primarily invests in investment grade, long term municipal obligations that are exempt from federal income taxes.