BlackRock MuniAssets Fund, Inc. (NYSE:MUA – Get Free Report) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 48,800 shares, an increase of 119.8% from the August 15th total of 22,200 shares. Based on an average daily trading volume, of 74,500 shares, the short-interest ratio is currently 0.7 days.
BlackRock MuniAssets Fund Price Performance
Shares of MUA traded up $0.08 during mid-day trading on Friday, hitting $12.53. 67,880 shares of the company’s stock were exchanged, compared to its average volume of 80,952. The company has a 50-day simple moving average of $11.77 and a 200 day simple moving average of $11.38. BlackRock MuniAssets Fund has a 52 week low of $8.61 and a 52 week high of $12.61.
BlackRock MuniAssets Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be paid a dividend of $0.0555 per share. The ex-dividend date is Monday, September 16th. This represents a $0.67 annualized dividend and a dividend yield of 5.32%.
Hedge Funds Weigh In On BlackRock MuniAssets Fund
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.
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