BlackRock MuniYield Fund, Inc. (NYSE:MYD) Short Interest Update

BlackRock MuniYield Fund, Inc. (NYSE:MYD) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 16,200 shares, a decrease of 88.4% from the September 15th total of 139,100 shares. Based on an average daily volume of 131,900 shares, the days-to-cover ratio is currently 0.1 days.

BlackRock MuniYield Fund Stock Down 0.1 %

MYD stock traded down $0.01 during midday trading on Thursday, hitting $11.44. The company’s stock had a trading volume of 71,088 shares, compared to its average volume of 166,818. The company’s fifty day moving average price is $11.32 and its 200 day moving average price is $10.98. BlackRock MuniYield Fund has a twelve month low of $8.76 and a twelve month high of $11.74.

BlackRock MuniYield Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a dividend of $0.0545 per share. This represents a $0.65 annualized dividend and a yield of 5.72%. The ex-dividend date is Tuesday, October 15th. This is a positive change from BlackRock MuniYield Fund’s previous monthly dividend of $0.05.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Freestone Capital Holdings LLC grew its stake in shares of BlackRock MuniYield Fund by 3.0% in the first quarter. Freestone Capital Holdings LLC now owns 51,500 shares of the financial services provider’s stock valued at $570,000 after buying an additional 1,500 shares in the last quarter. Transcend Capital Advisors LLC raised its holdings in shares of BlackRock MuniYield Fund by 13.3% in the 2nd quarter. Transcend Capital Advisors LLC now owns 17,000 shares of the financial services provider’s stock valued at $184,000 after purchasing an additional 2,000 shares during the period. Blue Bell Private Wealth Management LLC acquired a new stake in BlackRock MuniYield Fund in the 2nd quarter valued at about $25,000. EverSource Wealth Advisors LLC grew its holdings in BlackRock MuniYield Fund by 2,293.6% during the second quarter. EverSource Wealth Advisors LLC now owns 2,609 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 2,500 shares during the period. Finally, Wolverine Asset Management LLC acquired a new position in BlackRock MuniYield Fund during the second quarter worth approximately $42,000. 33.77% of the stock is currently owned by institutional investors.

About BlackRock MuniYield Fund

BlackRock MuniYield Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets. The fund primarily in long-term investment-grade municipal bonds with a maturity of more than ten years. It is exempt from federal income taxes.