Short Interest in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) Declines By 38.8%

BlackRock Municipal Income Fund, Inc. (NYSE:MUI) was the recipient of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 29,700 shares, a decline of 38.8% from the January 15th total of 48,500 shares. Based on an average trading volume of 531,100 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Larson Financial Group LLC increased its position in shares of BlackRock Municipal Income Fund by 240.0% in the third quarter. Larson Financial Group LLC now owns 2,040 shares of the company’s stock worth $26,000 after acquiring an additional 1,440 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in BlackRock Municipal Income Fund during the 3rd quarter worth $28,000. Noble Wealth Management PBC acquired a new stake in BlackRock Municipal Income Fund in the 4th quarter valued at $61,000. Eagle Bay Advisors LLC purchased a new position in BlackRock Municipal Income Fund in the fourth quarter valued at about $85,000. Finally, US Bancorp DE raised its position in BlackRock Municipal Income Fund by 140.5% in the third quarter. US Bancorp DE now owns 12,400 shares of the company’s stock valued at $156,000 after purchasing an additional 7,244 shares during the period.

BlackRock Municipal Income Fund Stock Performance

Shares of NYSE:MUI opened at $11.93 on Thursday. The business has a 50-day moving average of $12.26 and a two-hundred day moving average of $12.41. BlackRock Municipal Income Fund has a 12 month low of $11.46 and a 12 month high of $12.83.

BlackRock Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 14th will be given a dividend of $0.055 per share. This represents a $0.66 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date of this dividend is Friday, February 14th.

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.