BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Sees Significant Decline in Short Interest

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 58,845 shares, a decline of 92.9% from the August 31st total of 826,593 shares. Based on an average daily trading volume, of 402,335 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Hollencrest Capital Management acquired a new stake in BlackRock MuniAssets Fund during the 1st quarter valued at approximately $52,000. Fifth Third Bancorp purchased a new stake in BlackRock MuniAssets Fund during the 1st quarter worth approximately $95,000. Readystate Asset Management LP acquired a new position in shares of BlackRock MuniAssets Fund in the 2nd quarter valued at approximately $121,000. Sanctuary Advisors LLC acquired a new position in shares of BlackRock MuniAssets Fund in the 2nd quarter valued at approximately $147,000. Finally, Arlington Capital Management Inc. purchased a new position in shares of BlackRock MuniAssets Fund during the 1st quarter valued at approximately $178,000. Hedge funds and other institutional investors own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Stock Performance

MUA stock traded down $0.04 during trading on Friday, reaching $9.50. The stock had a trading volume of 273,522 shares, compared to its average volume of 390,991. The firm has a fifty day moving average price of $10.03 and a 200 day moving average price of $10.47. BlackRock MuniAssets Fund has a 1-year low of $9.43 and a 1-year high of $11.34.

BlackRock MuniAssets Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be given a dividend of $0.0555 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend is Friday, December 11th.

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.