BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Shares Shorted: Short Interest Down 92.9% in September

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 58,845 shares, a decline of 92.9% from the August 31st total of 826,593 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 402,335 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of BlackRock MuniAssets Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hollencrest Capital Management bought a new position in shares of BlackRock MuniAssets Fund in the first quarter worth approximately $52,000. Fifth Third Bancorp bought a new stake in BlackRock MuniAssets Fund during the 1st quarter valued at $95,000. Readystate Asset Management LP purchased a new stake in BlackRock MuniAssets Fund during the 2nd quarter valued at $121,000. Sanctuary Advisors LLC purchased a new stake in BlackRock MuniAssets Fund during the 2nd quarter valued at $147,000. Finally, Arlington Capital Management Inc. bought a new stake in BlackRock MuniAssets Fund in the 1st quarter worth $178,000. Institutional investors own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Stock Performance

NYSE MUA traded down $0.07 during trading on Friday, hitting $9.47. 138,544 shares of the company’s stock traded hands, compared to its average volume of 172,993. The stock has a fifty day moving average of $10.06 and a two-hundred day moving average of $10.48. BlackRock MuniAssets Fund has a 12-month low of $9.43 and a 12-month high of $11.34.

BlackRock MuniAssets Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be given a dividend of $0.0555 per share. This represents a $0.67 annualized dividend and a yield of 7.0%. The ex-dividend date is Friday, December 11th.

About BlackRock MuniAssets Fund

BlackRock MuniAssets Fund, Inc (NYSE: MUA) is a closed-end management investment company managed by BlackRock Advisors, LLC. The fund seeks to provide investors with current income that is exempt from regular federal income tax by investing primarily in municipal bonds and other tax-exempt municipal obligations.

The fund’s portfolio may include bonds issued by states, cities, counties, municipalities and other public entities across the United States. These securities generally finance public infrastructure and services, such as transportation, utilities, education, healthcare and housing.