BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Stock Short Interest Rises 128.4%

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 134,412 shares, a growth of 128.4% from the September 15th total of 58,845 shares. Based on an average daily volume of 571,769 shares, the short-interest ratio is presently 0.2 days. Currently, 0.3% of the company’s stock are sold short.

BlackRock MuniAssets Fund Price Performance

Shares of MUA stock traded down $0.06 on Wednesday, reaching $9.32. 355,369 shares of the company were exchanged, compared to its average volume of 491,342. The company has a 50-day moving average of $9.78 and a 200-day moving average of $10.35. BlackRock MuniAssets Fund has a one year low of $9.13 and a one year high of $11.26.

BlackRock MuniAssets Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be paid a dividend of $0.0555 per share. This represents a $0.67 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Friday, December 11th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Noble Wealth Management PBC grew its stake in BlackRock MuniAssets Fund by 34.9% in the third quarter. Noble Wealth Management PBC now owns 120,316 shares of the investment management company’s stock valued at $1,149,000 after acquiring an additional 31,113 shares during the period. Doliver Advisors LP bought a new stake in shares of BlackRock MuniAssets Fund during the third quarter valued at approximately $234,000. Robinson Capital Management LLC raised its position in shares of BlackRock MuniAssets Fund by 42.0% during the second quarter. Robinson Capital Management LLC now owns 183,406 shares of the investment management company’s stock worth $2,008,000 after purchasing an additional 54,283 shares during the period. Readystate Asset Management LP acquired a new position in shares of BlackRock MuniAssets Fund during the second quarter worth approximately $121,000. Finally, Fortitude Advisory Group L.L.C. raised its position in shares of BlackRock MuniAssets Fund by 7.2% during the second quarter. Fortitude Advisory Group L.L.C. now owns 28,035 shares of the investment management company’s stock worth $309,000 after purchasing an additional 1,872 shares during the period. Institutional investors own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Company Profile

BlackRock MuniAssets Fund, Inc (NYSE: MUA) is a closed-end investment company managed by BlackRock Advisors, LLC. The fund’s primary objective is to provide current income that is exempt from regular U.S. federal income tax.

The fund invests primarily in municipal bonds and other municipal obligations issued by states, territories, municipalities and governmental authorities in the United States. Its portfolio may include general obligation bonds, revenue bonds and other tax-exempt securities, with the selection of investments focused on supporting the fund’s income objective while managing credit and interest-rate risks.

BlackRock MuniAssets Fund is designed for investors seeking tax-exempt income through a professionally managed portfolio of municipal securities.