BlackRock MuniAssets Fund, Inc. (NYSE:MUA – Get Free Report) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 15,544 shares, a decrease of 37.6% from the May 31st total of 24,928 shares. Based on an average daily volume of 89,589 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.
Institutional Trading of BlackRock MuniAssets Fund
Several institutional investors have recently added to or reduced their stakes in MUA. Kestra Advisory Services LLC purchased a new stake in BlackRock MuniAssets Fund in the fourth quarter valued at approximately $50,000. Hollencrest Capital Management acquired a new position in BlackRock MuniAssets Fund during the 1st quarter worth about $52,000. Advisory Services Network LLC acquired a new position in BlackRock MuniAssets Fund during the 3rd quarter worth about $75,000. Northwestern Mutual Wealth Management Co. boosted its holdings 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 acquiring an additional 4,761 shares during the period. Finally, Fifth Third Bancorp purchased a new position in BlackRock MuniAssets Fund during the 1st quarter valued at about $95,000. Institutional investors and hedge funds own 20.38% of the company’s stock.
BlackRock MuniAssets Fund Stock Down 0.0%
Shares of MUA stock traded down $0.01 during trading on Thursday, hitting $11.03. 148,560 shares of the stock traded hands, compared to its average volume of 102,029. BlackRock MuniAssets Fund has a 52-week low of $10.02 and a 52-week high of $11.79. The firm’s fifty day moving average price is $10.68 and its 200-day moving average price is $10.79.
BlackRock MuniAssets Fund Announces Dividend
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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