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

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 53,900 shares, a growth of 51.4% from the October 31st total of 35,600 shares. Based on an average daily volume of 93,300 shares, the short-interest ratio is currently 0.6 days.

BlackRock MuniAssets Fund Trading Up 1.7 %

NYSE:MUA traded up $0.21 on Friday, hitting $12.27. The stock had a trading volume of 72,869 shares, compared to its average volume of 83,054. BlackRock MuniAssets Fund has a 1 year low of $10.10 and a 1 year high of $12.69. The firm’s fifty day simple moving average is $12.17 and its two-hundred day simple moving average is $11.79.

BlackRock MuniAssets Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $0.0555 per share. This represents a $0.67 annualized dividend and a dividend yield of 5.43%. The ex-dividend date is Friday, November 15th.

Institutional Trading of BlackRock MuniAssets Fund

A number of hedge funds have recently modified their holdings of MUA. Sanctuary Advisors LLC lifted its stake in shares of BlackRock MuniAssets Fund by 13.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 17,869 shares of the investment management company’s stock valued at $215,000 after buying an additional 2,150 shares in the last quarter. CWM LLC grew its holdings in BlackRock MuniAssets Fund by 94.1% during the 3rd quarter. CWM LLC now owns 5,415 shares of the investment management company’s stock valued at $67,000 after purchasing an additional 2,625 shares during the last quarter. Pathway Financial Advisers LLC purchased a new stake in shares of BlackRock MuniAssets Fund in the first quarter worth approximately $61,000. Rockefeller Capital Management L.P. lifted its position in shares of BlackRock MuniAssets Fund by 3.9% during the third 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 during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in BlackRock MuniAssets Fund by 6.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 124,390 shares of the investment management company’s stock valued at $1,542,000 after buying an additional 7,850 shares in the last quarter. Institutional investors own 20.38% of the company’s stock.

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.