BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Short Interest Down 56.1% in May

BlackRock MuniAssets Fund, Inc. (NYSE:MUAGet Free Report) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 24,928 shares, a decrease of 56.1% from the May 14th total of 56,832 shares. Based on an average trading volume of 99,995 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

BlackRock MuniAssets Fund Price Performance

NYSE:MUA remained flat at $10.74 during midday trading on Friday. 58,000 shares of the company were exchanged, compared to its average volume of 91,699. BlackRock MuniAssets Fund has a 12 month low of $10.02 and a 12 month high of $11.79. The firm has a 50-day moving average price of $10.66 and a 200-day moving average price of $10.78.

BlackRock MuniAssets Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a dividend of $0.0555 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.2%.

Institutional Investors Weigh In On BlackRock MuniAssets Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of MUA. Royal Bank of Canada lifted its position in BlackRock MuniAssets Fund by 21.6% during the first quarter. Royal Bank of Canada now owns 102,310 shares of the investment management company’s stock valued at $1,108,000 after acquiring an additional 18,157 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in BlackRock MuniAssets Fund by 212.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,003 shares of the investment management company’s stock valued at $73,000 after purchasing an additional 4,761 shares in the last quarter. NewEdge Advisors LLC increased 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 valued at $523,000 after purchasing an additional 1,217 shares in the last quarter. Jane Street Group LLC acquired a new position in BlackRock MuniAssets Fund during the 2nd quarter valued at approximately $193,000. Finally, Bank of America Corp DE increased its stake in BlackRock MuniAssets Fund by 1.6% during the 2nd quarter. Bank of America Corp DE now owns 1,259,071 shares of the investment management company’s stock valued at $13,094,000 after purchasing an additional 20,381 shares in the last quarter. Hedge funds and other institutional investors own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Company Profile

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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.

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