Short Interest in BlackRock MuniYield Fund, Inc. (NYSE:MYD) Decreases By 28.5%

BlackRock MuniYield Fund, Inc. (NYSE:MYD) saw a significant decrease in short interest in November. As of November 30th, there was short interest totalling 154,600 shares, a decrease of 28.5% from the November 15th total of 216,200 shares. Based on an average daily trading volume, of 142,400 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Investors Weigh In On BlackRock MuniYield Fund

A number of institutional investors have recently bought and sold shares of MYD. Private Advisor Group LLC purchased a new position in shares of BlackRock MuniYield Fund during the 3rd quarter valued at $138,000. Rothschild Investment LLC bought a new stake in shares of BlackRock MuniYield Fund in the 2nd quarter valued at approximately $1,492,000. J.W. Cole Advisors Inc. bought a new position in BlackRock MuniYield Fund during the third quarter valued at approximately $605,000. Congress Park Capital LLC raised its position in BlackRock MuniYield Fund by 8.8% during the third quarter. Congress Park Capital LLC now owns 790,000 shares of the financial services provider’s stock valued at $9,030,000 after acquiring an additional 64,000 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of BlackRock MuniYield Fund during the 2nd quarter worth $206,000. 33.77% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Fund Trading Down 0.8 %

BlackRock MuniYield Fund stock traded down $0.09 during midday trading on Friday, reaching $11.07. The stock had a trading volume of 93,275 shares, compared to its average volume of 162,393. The firm’s fifty day simple moving average is $11.27 and its two-hundred day simple moving average is $11.13. BlackRock MuniYield Fund has a twelve month low of $10.35 and a twelve month high of $11.74.

BlackRock MuniYield Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.0545 dividend. This represents a $0.65 annualized dividend and a yield of 5.91%. The ex-dividend date of this dividend is Monday, December 16th.

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.