BlackRock Municipal Income Fund, Inc. (NYSE:MUI) Short Interest Update

BlackRock Municipal Income Fund, Inc. (NYSE:MUI) saw a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 15,500 shares, a decline of 63.4% from the October 31st total of 42,300 shares. Based on an average daily trading volume, of 530,700 shares, the days-to-cover ratio is currently 0.0 days.

BlackRock Municipal Income Fund Stock Performance

Shares of MUI stock traded up $0.09 during mid-day trading on Wednesday, reaching $12.65. The company’s stock had a trading volume of 434,828 shares, compared to its average volume of 291,116. The company’s 50 day simple moving average is $12.49 and its 200-day simple moving average is $12.38. BlackRock Municipal Income Fund has a 12-month low of $11.01 and a 12-month high of $12.83.

BlackRock Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.66 annualized dividend and a yield of 5.22%.

Institutional Trading of BlackRock Municipal Income Fund

Institutional investors have recently added to or reduced their stakes in the business. Cetera Advisors LLC bought a new stake in shares of BlackRock Municipal Income Fund during the first quarter valued at about $145,000. Pathway Financial Advisers LLC bought a new stake in BlackRock Municipal Income Fund in the first quarter worth about $379,000. U.S. Capital Wealth Advisors LLC lifted its holdings in BlackRock Municipal Income Fund by 4.4% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 38,789 shares of the company’s stock valued at $479,000 after acquiring an additional 1,635 shares during the last quarter. Dakota Wealth Management boosted its position in shares of BlackRock Municipal Income Fund by 9.4% during the 2nd quarter. Dakota Wealth Management now owns 325,701 shares of the company’s stock valued at $4,019,000 after purchasing an additional 28,111 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of BlackRock Municipal Income Fund by 2.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 67,077 shares of the company’s stock worth $828,000 after purchasing an additional 1,451 shares during the last quarter.

About BlackRock Municipal Income Fund

BlackRock Muni Intermediate Duration Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It primarily invests in investment grade municipal bonds exempt from federal income taxes and with a duration of three to ten years at the time of investment.