BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Short Interest Update

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totalling 37,800 shares, a decline of 25.7% from the December 31st total of 50,900 shares. Based on an average daily volume of 100,200 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC lifted its holdings in BlackRock MuniAssets Fund by 13.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 17,869 shares of the investment management company’s stock valued at $215,000 after acquiring an additional 2,150 shares during the last quarter. Creative Planning acquired a new stake in BlackRock MuniAssets Fund during the third quarter valued at approximately $128,000. Pathway Financial Advisers LLC boosted its holdings in BlackRock MuniAssets Fund by 1,152.5% during the third quarter. Pathway Financial Advisers LLC now owns 60,371 shares of the investment management company’s stock worth $749,000 after buying an additional 55,551 shares in the last quarter. ST Germain D J Co. Inc. acquired a new position in BlackRock MuniAssets Fund in the fourth quarter worth approximately $33,000. Finally, CWM LLC increased its holdings in shares of BlackRock MuniAssets Fund by 94.1% in the third quarter. CWM LLC now owns 5,415 shares of the investment management company’s stock valued at $67,000 after buying an additional 2,625 shares in the last quarter. 20.38% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniAssets Fund Trading Up 0.5 %

NYSE MUA opened at $11.10 on Friday. BlackRock MuniAssets Fund has a 12 month low of $10.68 and a 12 month high of $12.69. The company’s 50 day simple moving average is $11.34 and its 200 day simple moving average is $11.77.

BlackRock MuniAssets Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a $0.0555 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.67 annualized dividend and a dividend yield of 6.00%.

About BlackRock MuniAssets Fund

BlackRock MuniAssets 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 fixed income markets. It seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of medium-to-lower grade or unrated municipal obligations the interest on which is exempt from federal income taxes.