BlackRock MuniAssets Fund, Inc. (NYSE:MUA – Get 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
BlackRock MuniAssets Fund Company Profile
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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