BlackRock MuniVest Fund Inc. (NYSEAMERICAN:MVF) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 172,225 shares, a drop of 29.8% from the February 15th total of 245,310 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 87,170 shares, the days-to-cover ratio is presently 2.0 days.
Several institutional investors have recently made changes to their positions in MVF. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of BlackRock MuniVest Fund in the third quarter worth $100,000. Yellowstone Partners LLC acquired a new stake in shares of BlackRock MuniVest Fund in the third quarter worth $116,000. SeaCrest Wealth Management LLC acquired a new stake in shares of BlackRock MuniVest Fund in the fourth quarter worth $169,000. Haverford Trust Co. acquired a new stake in shares of BlackRock MuniVest Fund in the fourth quarter worth $259,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of BlackRock MuniVest Fund in the third quarter worth $319,000.
BlackRock MuniVest Fund (MVF) opened at $9.06 on Friday. BlackRock MuniVest Fund has a 52-week low of $9.03 and a 52-week high of $10.02.
The business also recently disclosed a monthly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be paid a $0.041 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.49 annualized dividend and a dividend yield of 5.43%.
ILLEGAL ACTIVITY WARNING: “BlackRock MuniVest Fund Inc. (MVF) Short Interest Down 29.8% in February” was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright laws. The original version of this story can be read at https://www.dispatchtribunal.com/2018/03/10/blackrock-munivest-fund-inc-mvf-short-interest-down-29-8-in-february.html.
About BlackRock MuniVest Fund
BlackRock MuniVest Fund, Inc is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide shareholders with as high a level of current income exempt from federal income taxes as is consistent with its investment policies and prudent investment management.
Receive News & Ratings for BlackRock MuniVest Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock MuniVest Fund and related companies with MarketBeat.com's FREE daily email newsletter.