Short Interest in BlackRock MuniVest Fund Inc. (MVF) Declines By 26.3%

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%.

A number of institutional investors and hedge funds have recently modified their holdings of MVF. BB&T Securities LLC raised its position in shares of BlackRock MuniVest Fund by 6.7% during the third quarter. BB&T Securities LLC now owns 188,561 shares of the investment management company’s stock worth $1,829,000 after acquiring an additional 11,820 shares during the last quarter. Krilogy Financial LLC acquired a new stake in shares of BlackRock MuniVest Fund during the third quarter worth $477,000. Carnegie Capital Asset Management LLC grew its stake in shares of BlackRock MuniVest Fund by 7.2% during the second quarter. Carnegie Capital Asset Management LLC now owns 164,376 shares of the investment management company’s stock worth $1,632,000 after purchasing an additional 10,980 shares during the period. Advisors Asset Management Inc. grew its stake in BlackRock MuniVest Fund by 1,494.7% in the third quarter. Advisors Asset Management Inc. now owns 73,531 shares of the investment management company’s stock valued at $713,000 after acquiring an additional 68,920 shares during the period. Finally, Yellowstone Partners LLC acquired a new position in BlackRock MuniVest Fund in the third quarter valued at about $116,000.

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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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