Short Interest in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) Decreases By 34.4%

BlackRock Municipal Income Fund, Inc. (NYSE:MUI) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 64,600 shares, a decline of 34.4% from the December 31st total of 98,500 shares. Based on an average daily trading volume, of 492,200 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On BlackRock Municipal Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pathway Financial Advisers LLC increased its stake in shares of BlackRock Municipal Income Fund by 1,150.0% during the 3rd quarter. Pathway Financial Advisers LLC now owns 402,989 shares of the company’s stock worth $5,070,000 after purchasing an additional 370,749 shares during the last quarter. Quarry LP acquired a new position in shares of BlackRock Municipal Income Fund during the 3rd quarter worth about $2,404,000. PNC Financial Services Group Inc. increased its stake in shares of BlackRock Municipal Income Fund by 21.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 470,285 shares of the company’s stock worth $5,916,000 after purchasing an additional 84,149 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of BlackRock Municipal Income Fund during the 3rd quarter worth about $890,000. Finally, Dakota Wealth Management increased its stake in shares of BlackRock Municipal Income Fund by 7.6% during the 3rd quarter. Dakota Wealth Management now owns 350,466 shares of the company’s stock worth $4,409,000 after purchasing an additional 24,765 shares during the last quarter.

BlackRock Municipal Income Fund Trading Down 0.2 %

Shares of MUI stock opened at $12.15 on Wednesday. BlackRock Municipal Income Fund has a 1 year low of $11.45 and a 1 year high of $12.83. The firm’s fifty day moving average price is $12.37 and its two-hundred day moving average price is $12.42.

BlackRock Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.66 annualized dividend and a yield of 5.43%.

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.