BlackRock MuniYield Fund, Inc. (NYSE:MYD) Sees Large Decrease in Short Interest

BlackRock MuniYield Fund, Inc. (NYSE:MYD) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 11,475 shares, a drop of 43.6% from the December 15th total of 20,362 shares. Based on an average trading volume of 280,781 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 280,781 shares, the days-to-cover ratio is presently 0.0 days.

BlackRock MuniYield Fund Price Performance

NYSE:MYD traded down $0.03 on Thursday, reaching $10.64. The company’s stock had a trading volume of 86,197 shares, compared to its average volume of 193,026. BlackRock MuniYield Fund has a 12-month low of $9.65 and a 12-month high of $10.92. The stock has a 50 day moving average price of $10.46 and a 200 day moving average price of $10.34.

BlackRock MuniYield Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 6th will be given a dividend of $0.0545 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%.

Institutional Investors Weigh In On BlackRock MuniYield Fund

A number of institutional investors have recently modified their holdings of the company. Mackay Shields LLC lifted its stake in BlackRock MuniYield Fund by 33.4% during the 2nd quarter. Mackay Shields LLC now owns 744,760 shares of the financial services provider’s stock worth $7,477,000 after acquiring an additional 186,551 shares in the last quarter. Pathstone Holdings LLC increased its stake in BlackRock MuniYield Fund by 3.3% during the third quarter. Pathstone Holdings LLC now owns 693,632 shares of the financial services provider’s stock worth $7,325,000 after purchasing an additional 22,222 shares during the period. City of London Investment Management Co. Ltd. lifted its position in shares of BlackRock MuniYield Fund by 35.3% during the third quarter. City of London Investment Management Co. Ltd. now owns 559,426 shares of the financial services provider’s stock worth $5,908,000 after purchasing an additional 146,106 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of BlackRock MuniYield Fund by 10.8% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 354,399 shares of the financial services provider’s stock valued at $3,742,000 after purchasing an additional 34,416 shares during the period. Finally, Van ECK Associates Corp grew its holdings in shares of BlackRock MuniYield Fund by 4.7% in the third quarter. Van ECK Associates Corp now owns 300,259 shares of the financial services provider’s stock valued at $3,171,000 after purchasing an additional 13,390 shares in the last quarter. 33.77% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield Fund Company Profile

BlackRock MuniYield Fund (NYSE: MYD) is a closed-end management investment company that seeks to provide shareholders with current income exempt from regular federal income tax. The fund primarily invests in U.S. municipal fixed-income securities, including investment-grade and certain lower-rated bonds that the portfolio managers believe offer attractive yield opportunities. Through its diversified municipal bond portfolio, MYD aims to deliver tax-advantaged income while managing credit and interest rate risk.

MYD’s investment strategy focuses on geographic and sector diversification across states and local governmental entities, covering a range of project types such as education, transportation, healthcare and general obligation bonds.