Short Interest in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) Grows By 341.9%

BlackRock Municipal Income Fund, Inc. (NYSE:MUI) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 38,000 shares, a growth of 341.9% from the September 30th total of 8,600 shares. Based on an average daily volume of 358,300 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wolverine Asset Management LLC bought a new position in BlackRock Municipal Income Fund during the 2nd quarter worth approximately $27,000. Eagle Bay Advisors LLC bought a new position in BlackRock Municipal Income Fund during the 2nd quarter worth approximately $82,000. Wiser Wealth Management Inc bought a new position in BlackRock Municipal Income Fund during the 3rd quarter worth approximately $140,000. WealthShield Partners LLC bought a new position in BlackRock Municipal Income Fund during the 2nd quarter worth approximately $144,000. Finally, Cetera Advisors LLC bought a new position in BlackRock Municipal Income Fund during the 1st quarter worth approximately $145,000.

BlackRock Municipal Income Fund Stock Up 0.2 %

Shares of NYSE MUI traded up $0.03 during mid-day trading on Friday, hitting $12.44. The company’s stock had a trading volume of 244,525 shares, compared to its average volume of 238,188. BlackRock Municipal Income Fund has a one year low of $9.73 and a one year high of $12.83. The company’s fifty day simple moving average is $12.51 and its 200-day simple moving average is $12.27.

BlackRock Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.055 per share. This represents a $0.66 annualized dividend and a yield of 5.31%. The ex-dividend date is Tuesday, October 15th.

About BlackRock Municipal Income Fund

BlackRock Muni Intermediate Duration 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 primarily invests in investment grade municipal bonds exempt from federal income taxes and with a duration of three to ten years at the time of investment.