BlackRock MuniYield Fund, Inc. (NYSE:MYD) Sees Significant Drop in Short Interest

BlackRock MuniYield Fund, Inc. (NYSE:MYD) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 11,475 shares, a decrease of 43.6% from the December 15th total of 20,362 shares. Based on an average daily volume of 280,781 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 280,781 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in shares of BlackRock MuniYield Fund during the third quarter worth $34,000. Atlantic Union Bankshares Corp purchased a new stake in shares of BlackRock MuniYield Fund in the second quarter valued at approximately $50,000. Geneos Wealth Management Inc. boosted its stake in BlackRock MuniYield Fund by 389.6% during the first quarter. Geneos Wealth Management Inc. now owns 5,953 shares of the financial services provider’s stock worth $63,000 after buying an additional 4,737 shares during the last quarter. Thrivent Financial for Lutherans acquired a new position in BlackRock MuniYield Fund during the third quarter worth $117,000. Finally, XTX Topco Ltd purchased a new stake in BlackRock MuniYield Fund in the 2nd quarter valued at $119,000. Hedge funds and other institutional investors own 33.77% of the company’s stock.

BlackRock MuniYield Fund Trading Down 0.3%

BlackRock MuniYield Fund stock traded down $0.03 during midday trading on Thursday, reaching $10.64. The company had a trading volume of 86,197 shares, compared to its average volume of 193,026. BlackRock MuniYield Fund has a 12-month low of $9.65 and a 12-month high of $10.92. The firm’s fifty day simple moving average is $10.46 and its 200-day simple moving average is $10.34.

BlackRock MuniYield Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 6th will be paid a $0.0545 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%.

About BlackRock MuniYield Fund

BlackRock MuniYield Fund (NYSE: MYD) is a closed-end management investment company that seeks to provide shareholders with current income exempt from regular federal income tax. The fund primarily invests in U.S. municipal fixed-income securities, including investment-grade and certain lower-rated bonds that the portfolio managers believe offer attractive yield opportunities. Through its diversified municipal bond portfolio, MYD aims to deliver tax-advantaged income while managing credit and interest rate risk.

MYD’s investment strategy focuses on geographic and sector diversification across states and local governmental entities, covering a range of project types such as education, transportation, healthcare and general obligation bonds.