Short Interest in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Expands By 83.0%

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 25,800 shares, a growth of 83.0% from the February 28th total of 14,100 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 130,500 shares, the short-interest ratio is presently 0.2 days.

BlackRock MuniAssets Fund Stock Down 0.0 %

Shares of NYSE MUA opened at $10.74 on Friday. BlackRock MuniAssets Fund has a fifty-two week low of $10.64 and a fifty-two week high of $12.69. The firm’s 50-day simple moving average is $10.99 and its 200 day simple moving average is $11.56.

BlackRock MuniAssets Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.0555 per share. The ex-dividend date is Friday, March 14th. This represents a $0.67 annualized dividend and a dividend yield of 6.20%.

Institutional Investors Weigh In On BlackRock MuniAssets Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC boosted its holdings in BlackRock MuniAssets Fund by 1.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 74,735 shares of the investment management company’s stock worth $825,000 after acquiring an additional 1,139 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of BlackRock MuniAssets Fund by 13.7% during the third quarter. Sanctuary Advisors LLC now owns 17,869 shares of the investment management company’s stock valued at $215,000 after purchasing an additional 2,150 shares in the last quarter. Keybank National Association OH boosted its holdings in BlackRock MuniAssets Fund by 14.2% during the fourth quarter. Keybank National Association OH now owns 1,004,022 shares of the investment management company’s stock worth $11,084,000 after purchasing an additional 124,464 shares during the last quarter. PNC Financial Services Group Inc. grew its position in BlackRock MuniAssets Fund by 7.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 133,680 shares of the investment management company’s stock worth $1,476,000 after purchasing an additional 9,290 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in BlackRock MuniAssets Fund by 8.3% in the 4th quarter. Van ECK Associates Corp now owns 173,978 shares of the investment management company’s stock valued at $1,921,000 after buying an additional 13,261 shares during the last quarter. 20.38% of the stock is owned by hedge funds and other institutional investors.

About BlackRock MuniAssets Fund

BlackRock MuniAssets 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 seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of medium-to-lower grade or unrated municipal obligations the interest on which is exempt from federal income taxes.