Short Interest in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Expands By 223.6%

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 56,832 shares, an increase of 223.6% from the April 30th total of 17,565 shares. Based on an average daily volume of 117,456 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are short sold.

BlackRock MuniAssets Fund Stock Up 0.5%

MUA opened at $10.77 on Friday. The firm’s 50-day simple moving average is $10.62 and its 200-day simple moving average is $10.79. BlackRock MuniAssets Fund has a twelve month low of $10.02 and a twelve month high of $11.79.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MUA. Royal Bank of Canada lifted its holdings in BlackRock MuniAssets Fund by 21.6% during the 1st quarter. Royal Bank of Canada now owns 102,310 shares of the investment management company’s stock worth $1,108,000 after buying an additional 18,157 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in BlackRock MuniAssets Fund by 212.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,003 shares of the investment management company’s stock worth $73,000 after buying an additional 4,761 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of BlackRock MuniAssets Fund by 2.5% in the 2nd quarter. NewEdge Advisors LLC now owns 50,328 shares of the investment management company’s stock valued at $523,000 after purchasing an additional 1,217 shares during the period. Jane Street Group LLC acquired a new position in shares of BlackRock MuniAssets Fund in the 2nd quarter valued at $193,000. Finally, Bank of America Corp DE lifted its stake in shares of BlackRock MuniAssets Fund by 1.6% in the 2nd quarter. Bank of America Corp DE now owns 1,259,071 shares of the investment management company’s stock valued at $13,094,000 after purchasing an additional 20,381 shares during the period. Institutional investors and hedge funds own 20.38% of the company’s stock.

About BlackRock MuniAssets Fund

BlackRock MuniAssets Fund, Inc (NYSE: MUA) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. Managed by BlackRock, one of the world’s leading investment managers, the fund primarily invests in a diversified portfolio of investment-grade municipal debt obligations. Its holdings typically include general obligation and revenue bonds issued by state and local governments, utilities, and infrastructure entities across the United States.

The fund employs a combination of active security selection and duration management to navigate changing interest rate and credit environments.