BlackRock MuniVest Fund Inc. (NYSEAMERICAN:MVF) saw a large drop in short interest in December. As of December 15th, there was short interest totalling 165,214 shares, a drop of 26.3% from the November 30th total of 224,168 shares. Based on an average daily volume of 112,841 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.3% of the shares of the company are sold short.
Shares of BlackRock MuniVest Fund (NYSEAMERICAN MVF) opened at $9.73 on Thursday. BlackRock MuniVest Fund has a fifty-two week low of $9.34 and a fifty-two week high of $10.11.
The firm also recently disclosed a special dividend, which will be paid on Friday, December 29th. Shareholders of record on Tuesday, December 12th will be given a $0.0014 dividend. The ex-dividend date of this dividend is Monday, December 11th. This represents a yield of 5.67%.
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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.
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