Short Interest in BlackRock MuniVest Fund, Inc. (NYSE:MVF) Drops By 40.6%

BlackRock MuniVest Fund, Inc. (NYSE:MVF) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 37,307 shares, a drop of 40.6% from the January 15th total of 62,846 shares. Based on an average daily volume of 141,377 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 141,377 shares, the days-to-cover ratio is currently 0.3 days.

BlackRock MuniVest Fund Price Performance

MVF traded down $0.02 during mid-day trading on Friday, reaching $7.05. 296,821 shares of the company traded hands, compared to its average volume of 139,443. The company’s fifty day moving average price is $6.95 and its 200-day moving average price is $6.88. BlackRock MuniVest Fund has a 52-week low of $6.43 and a 52-week high of $7.36.

BlackRock MuniVest Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 6th will be paid a dividend of $0.036 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Friday, February 6th.

Hedge Funds Weigh In On BlackRock MuniVest Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC grew its position in BlackRock MuniVest Fund by 341.1% during the fourth quarter. CWM LLC now owns 4,261 shares of the company’s stock valued at $30,000 after buying an additional 3,295 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of BlackRock MuniVest Fund by 88.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 4,728 shares of the company’s stock worth $31,000 after purchasing an additional 2,215 shares in the last quarter. Elyxium Wealth LLC bought a new position in BlackRock MuniVest Fund in the 4th quarter worth $44,000. Hollencrest Capital Management purchased a new position in BlackRock MuniVest Fund during the fourth quarter valued at $50,000. Finally, Moody National Bank Trust Division bought a new stake in BlackRock MuniVest Fund during the fourth quarter valued at about $72,000. Hedge funds and other institutional investors own 48.16% of the company’s stock.

About BlackRock MuniVest Fund

BlackRock MuniVest Fund, Inc (NYSE: MVF) is an actively managed, closed-end investment company that seeks to provide current income exempt from federal income tax, with a secondary objective of capital appreciation. The Fund primarily invests in investment-grade municipal securities issued by U.S. states, territories, municipalities, agencies and authorities. By focusing on high-quality tax-exempt bonds, the fund aims to deliver a steady stream of federally tax-exempt distributions to its shareholders.

The fund’s portfolio typically includes bonds across a range of maturities and sectors, with an emphasis on intermediate to long-term durations.