BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Sees Large Decline in Short Interest

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 14,100 shares, a decrease of 28.8% from the February 13th total of 19,800 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 126,000 shares, the short-interest ratio is presently 0.1 days.

BlackRock MuniAssets Fund Trading Down 0.2 %

Shares of NYSE:MUA traded down $0.02 during trading on Friday, reaching $10.71. The company had a trading volume of 91,621 shares, compared to its average volume of 93,998. The firm’s fifty day moving average is $11.03 and its 200 day moving average is $11.64. BlackRock MuniAssets Fund has a twelve month low of $10.64 and a twelve month high of $12.69.

BlackRock MuniAssets Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.0555 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.22%.

Institutional Trading of BlackRock MuniAssets Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in MUA. PNC Financial Services Group Inc. raised its holdings in shares of BlackRock MuniAssets Fund by 6.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 124,390 shares of the investment management company’s stock worth $1,542,000 after purchasing an additional 7,850 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of BlackRock MuniAssets Fund by 3.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 163,145 shares of the investment management company’s stock worth $2,023,000 after purchasing an additional 6,054 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of 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 worth $215,000 after purchasing an additional 2,150 shares in the last quarter. ST Germain D J Co. Inc. acquired a new stake in shares of BlackRock MuniAssets Fund during the fourth quarter valued at approximately $33,000. Finally, River Street Advisors LLC acquired a new stake in shares of BlackRock MuniAssets Fund during the fourth quarter valued at approximately $119,000. 20.38% of the stock is currently owned by institutional investors.

BlackRock MuniAssets Fund Company Profile

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.