BlackRock Municipal Income Fund, Inc. (NYSE:MUI) Short Interest Down 38.8% in January

BlackRock Municipal Income Fund, Inc. (NYSE:MUI) was the recipient of a large decline in short interest in January. As of January 31st, there was short interest totalling 29,700 shares, a decline of 38.8% from the January 15th total of 48,500 shares. Based on an average daily trading volume, of 531,100 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On BlackRock Municipal Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of MUI. Sanctuary Advisors LLC acquired a new stake in shares of BlackRock Municipal Income Fund during the second quarter worth approximately $275,000. Dakota Wealth Management boosted its stake in BlackRock Municipal Income Fund by 7.6% during the 3rd quarter. Dakota Wealth Management now owns 350,466 shares of the company’s stock valued at $4,409,000 after acquiring an additional 24,765 shares during the last quarter. Pathway Financial Advisers LLC grew its holdings in BlackRock Municipal Income Fund by 1,150.0% during the 3rd quarter. Pathway Financial Advisers LLC now owns 402,989 shares of the company’s stock worth $5,070,000 after acquiring an additional 370,749 shares in the last quarter. US Bancorp DE grew its holdings in BlackRock Municipal Income Fund by 140.5% during the 3rd quarter. US Bancorp DE now owns 12,400 shares of the company’s stock worth $156,000 after acquiring an additional 7,244 shares in the last quarter. Finally, Farther Finance Advisors LLC bought a new stake in shares of BlackRock Municipal Income Fund in the 3rd quarter worth about $28,000.

BlackRock Municipal Income Fund Price Performance

NYSE:MUI opened at $11.93 on Thursday. The firm has a 50-day moving average of $12.26 and a two-hundred day moving average of $12.41. BlackRock Municipal Income Fund has a 1-year low of $11.46 and a 1-year high of $12.83.

BlackRock Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 14th will be issued a $0.055 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date is Friday, February 14th.

BlackRock Municipal Income Fund Company Profile

BlackRock Muni Intermediate Duration Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It primarily invests in investment grade municipal bonds exempt from federal income taxes and with a duration of three to ten years at the time of investment.