Short Interest in BlackRock MuniVest Fund, Inc. (NYSE:MVF) Drops By 19.2%

BlackRock MuniVest Fund, Inc. (NYSE:MVF) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 35,000 shares, a decrease of 19.2% from the October 15th total of 43,300 shares. Based on an average daily volume of 93,000 shares, the days-to-cover ratio is currently 0.4 days.

BlackRock MuniVest Fund Stock Up 0.3 %

Shares of MVF opened at $7.36 on Friday. BlackRock MuniVest Fund has a 1-year low of $6.48 and a 1-year high of $7.64. The firm’s 50-day moving average price is $7.46 and its 200-day moving average price is $7.30.

BlackRock MuniVest Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.036 per share. The ex-dividend date is Friday, November 15th. This represents a $0.43 annualized dividend and a yield of 5.87%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Karpus Management Inc. lifted its stake in shares of BlackRock MuniVest Fund by 10.3% in the 1st quarter. Karpus Management Inc. now owns 10,208,746 shares of the company’s stock valued at $72,074,000 after purchasing an additional 955,073 shares during the period. Robinson Capital Management LLC lifted its position in BlackRock MuniVest Fund by 17.5% during the first quarter. Robinson Capital Management LLC now owns 1,028,528 shares of the company’s stock valued at $7,004,000 after buying an additional 153,221 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in shares of BlackRock MuniVest Fund by 105.4% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 22,910 shares of the company’s stock valued at $162,000 after buying an additional 11,755 shares in the last quarter. Cetera Advisors LLC purchased a new stake in shares of BlackRock MuniVest Fund in the 1st quarter worth about $101,000. Finally, Pathway Financial Advisers LLC bought a new position in shares of BlackRock MuniVest Fund in the 1st quarter worth about $59,000. Hedge funds and other institutional investors own 48.16% of the company’s stock.

About BlackRock MuniVest Fund

BlackRock MuniVest 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 the fixed income markets of the United States. It primarily invests in investment grade, long term municipal obligations that are exempt from federal income taxes.