Short Interest in BlackRock MuniYield Fund, Inc. (NYSE:MYD) Increases By 1,256.4%
BlackRock MuniYield Fund, Inc. (NYSE:MYD – Get Free Report) saw a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 149,200 shares, an increase of 1,256.4% from the November 15th total of 11,000 shares. Based on an average trading volume of 180,200 shares, the days-to-cover ratio is presently 0.8 days.
Institutional Trading of BlackRock MuniYield Fund
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wolverine Asset Management LLC boosted its holdings in BlackRock MuniYield Fund by 143.5% in the 3rd quarter. Wolverine Asset Management LLC now owns 3,604 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 2,124 shares during the period. Tanglewood Legacy Advisors LLC purchased a new position in BlackRock MuniYield Fund in the 3rd quarter worth approximately $37,000. Captrust Financial Advisors purchased a new position in BlackRock MuniYield Fund in the 2nd quarter worth approximately $41,000. JPMorgan Chase & Co. purchased a new position in BlackRock MuniYield Fund in the 1st quarter worth approximately $84,000. Finally, Axxcess Wealth Management LLC purchased a new position in BlackRock MuniYield Fund in the 3rd quarter worth approximately $92,000. Institutional investors and hedge funds own 29.42% of the company’s stock.
BlackRock MuniYield Fund Trading Up 0.8 %
Shares of NYSE MYD traded up $0.08 on Wednesday, reaching $10.57. 187,437 shares of the company traded hands, compared to its average volume of 117,136. BlackRock MuniYield Fund has a fifty-two week low of $8.76 and a fifty-two week high of $11.34. The company has a 50 day moving average of $9.67 and a 200 day moving average of $9.98.
BlackRock MuniYield Fund Dividend Announcement
The firm also recently announced a dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.0525 per share. This represents a yield of 6.01%. The ex-dividend date is Thursday, December 14th.
BlackRock MuniYield Fund Company Profile (Get Free Report)
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.
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