BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Short Interest Down 56.2% in August

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 826,593 shares, a decrease of 56.2% from the August 15th total of 1,885,194 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 369,065 shares, the days-to-cover ratio is presently 2.2 days.

BlackRock MuniAssets Fund Price Performance

NYSE MUA traded down $0.02 during midday trading on Monday, hitting $9.79. The company had a trading volume of 319,952 shares, compared to its average volume of 160,441. The firm has a 50-day moving average price of $10.28 and a 200-day moving average price of $10.56. BlackRock MuniAssets Fund has a twelve month low of $9.71 and a twelve month high of $11.78.

BlackRock MuniAssets Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be given a dividend of $0.0555 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a c) annualized dividend and a yield of 6.8%.

Hedge Funds Weigh In On BlackRock MuniAssets Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada boosted its position in shares of BlackRock MuniAssets Fund by 21.6% during the 1st quarter. Royal Bank of Canada now owns 102,310 shares of the investment management company’s stock worth $1,108,000 after acquiring an additional 18,157 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in BlackRock MuniAssets Fund by 212.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,003 shares of the investment management company’s stock valued at $73,000 after buying an additional 4,761 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of BlackRock MuniAssets Fund by 2.5% during the second quarter. NewEdge Advisors LLC now owns 50,328 shares of the investment management company’s stock worth $523,000 after buying an additional 1,217 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of BlackRock MuniAssets Fund during the second quarter worth $193,000. Finally, Bank of America Corp DE lifted its stake in shares of BlackRock MuniAssets Fund by 1.6% in the 2nd quarter. Bank of America Corp DE now owns 1,259,071 shares of the investment management company’s stock valued at $13,094,000 after acquiring an additional 20,381 shares during the last quarter. 20.38% of the stock is currently owned by institutional investors and hedge funds.

About BlackRock MuniAssets Fund

BlackRock MuniAssets Fund, Inc (NYSE: MUA) is a closed-end management investment company managed by BlackRock Advisors, LLC. The fund seeks to provide investors with current income that is exempt from regular federal income tax by investing primarily in municipal bonds and other tax-exempt municipal obligations.

The fund’s portfolio may include bonds issued by states, cities, counties, municipalities and other public entities across the United States. These securities generally finance public infrastructure and services, such as transportation, utilities, education, healthcare and housing.