BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Short Interest Down 37.6% in June

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 15,544 shares, a decline 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 presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On BlackRock MuniAssets Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its stake in shares of BlackRock MuniAssets Fund by 60.1% in the first quarter. NewEdge Advisors LLC now owns 115,299 shares of the investment management company’s stock worth $1,223,000 after acquiring an additional 43,293 shares during the last quarter. Rivernorth Capital Management LLC increased its holdings in shares of BlackRock MuniAssets Fund by 51.4% in the first quarter. Rivernorth Capital Management LLC now owns 312,410 shares of the investment management company’s stock valued at $3,315,000 after purchasing an additional 106,043 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of BlackRock MuniAssets Fund by 89.2% in the first quarter. Royal Bank of Canada now owns 171,937 shares of the investment management company’s stock valued at $1,824,000 after purchasing an additional 81,069 shares in the last quarter. Wealth Alliance LLC raised its position in BlackRock MuniAssets Fund by 42.7% in the 1st quarter. Wealth Alliance LLC now owns 90,736 shares of the investment management company’s stock worth $963,000 after purchasing an additional 27,129 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in BlackRock MuniAssets Fund by 8.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 280,957 shares of the investment management company’s stock worth $2,981,000 after buying an additional 22,632 shares in the last quarter. Institutional investors and hedge funds own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Price Performance

BlackRock MuniAssets Fund stock opened at $11.02 on Friday. The business’s fifty day moving average is $10.70 and its two-hundred day moving average is $10.79. BlackRock MuniAssets Fund has a 52 week low of $10.02 and a 52 week high of $11.79.

BlackRock MuniAssets Fund Dividend Announcement

The business also recently declared 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 is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 6.0%.

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.