BlackRock MuniYield Fund, Inc. (NYSE:MYD) Sees Significant Increase in Short Interest

Market Beat
2025.04.22 03:50
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BlackRock MuniYield Fund, Inc. (NYSE:MYD) experienced a significant increase in short interest, rising 36.4% to 57,000 shares as of March 31. This represents 0.1% of the company's shares sold short, with a short-interest ratio of 0.5 days based on an average trading volume of 121,200 shares. The fund also declared a monthly dividend of $0.0545, payable on May 1, with an annualized yield of 6.62%. Institutional investors hold 33.77% of the stock, and shares traded at $9.88 recently, down $0.02.

BlackRock MuniYield Fund, Inc. (NYSE:MYD - Get Free Report) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 57,000 shares, a growth of 36.4% from the March 15th total of 41,800 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 121,200 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of BlackRock MuniYield Fund

Hedge funds have recently modified their holdings of the company. Tanglewood Legacy Advisors LLC acquired a new position in shares of BlackRock MuniYield Fund in the fourth quarter valued at $47,000. Avidian Wealth Enterprises LLC bought a new stake in BlackRock MuniYield Fund in the 4th quarter valued at $105,000. Simon Quick Advisors LLC acquired a new position in shares of BlackRock MuniYield Fund in the 4th quarter valued at $110,000. Capital Investment Advisors LLC bought a new position in shares of BlackRock MuniYield Fund during the 1st quarter worth about $111,000. Finally, Independent Advisor Alliance acquired a new stake in BlackRock MuniYield Fund during the fourth quarter valued at approximately $120,000. Institutional investors own 33.77% of the company's stock.

BlackRock MuniYield Fund Stock Performance

Shares of NYSE:MYD traded down $0.02 on Friday, hitting $9.88. 107,157 shares of the company were exchanged, compared to its average volume of 145,943. The company's 50 day moving average price is $10.50 and its two-hundred day moving average price is $10.81. BlackRock MuniYield Fund has a one year low of $9.65 and a one year high of $11.74.

BlackRock MuniYield Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a $0.0545 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.65 annualized dividend and a yield of 6.62%.

About BlackRock MuniYield Fund

(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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