BlackRock MuniYield Fund, Inc. (NYSE:MYD) Sees Large Growth in Short Interest

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BlackRock MuniYield Fund, Inc. (NYSE:MYDGet Rating) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 36,100 shares, an increase of 23.2% from the March 31st total of 29,300 shares. Based on an average daily volume of 154,900 shares, the days-to-cover ratio is currently 0.2 days.

NYSE:MYD traded up $0.16 during trading hours on Tuesday, hitting $11.52. 797 shares of the stock traded hands, compared to its average volume of 177,276. The firm has a 50 day moving average price of $12.28 and a 200 day moving average price of $13.51. BlackRock MuniYield Fund has a fifty-two week low of $11.34 and a fifty-two week high of $15.60.

The company also recently announced a monthly dividend, which was paid on Monday, May 2nd. Shareholders of record on Thursday, April 14th were paid a dividend of $0.0515 per share. This represents a $0.62 annualized dividend and a yield of 5.36%. The ex-dividend date was Wednesday, April 13th.

Large investors have recently made changes to their positions in the business. AdvisorNet Financial Inc raised its stake in BlackRock MuniYield Fund by 28.7% during the 4th quarter. AdvisorNet Financial Inc now owns 21,050 shares of the financial services provider’s stock valued at $309,000 after purchasing an additional 4,700 shares during the period. Brandywine Oak Private Wealth LLC increased its stake in shares of BlackRock MuniYield Fund by 6.1% in the fourth quarter. Brandywine Oak Private Wealth LLC now owns 155,438 shares of the financial services provider’s stock worth $2,284,000 after acquiring an additional 9,004 shares during the last quarter. Lindbrook Capital LLC acquired a new position in shares of BlackRock MuniYield Fund in the fourth quarter worth $894,000. Landscape Capital Management L.L.C. acquired a new position in shares of BlackRock MuniYield Fund in the fourth quarter worth $165,000. Finally, Centaurus Financial Inc. increased its stake in shares of BlackRock MuniYield Fund by 3.3% in the third quarter. Centaurus Financial Inc. now owns 29,740 shares of the financial services provider’s stock worth $442,000 after acquiring an additional 950 shares during the last quarter. 13.55% of the stock is currently owned by institutional investors.

About BlackRock MuniYield Fund (Get Rating)

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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