Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) Sees Significant Drop in Short Interest

Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totalling 3,700 shares, a decline of 38.3% from the February 27th total of 6,000 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 70,300 shares, the short-interest ratio is presently 0.1 days.

Shares of NYSE:MUI traded down $0.28 during trading on Thursday, hitting $13.30. The company’s stock had a trading volume of 260,600 shares, compared to its average volume of 124,290. The business has a 50 day moving average price of $14.21 and a two-hundred day moving average price of $14.23. Blackrock Muni Intermediate Drtn Fnd has a fifty-two week low of $10.46 and a fifty-two week high of $14.93.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 16th will be paid a $0.045 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.54 annualized dividend and a dividend yield of 4.06%.

Several large investors have recently bought and sold shares of MUI. Capital Wealth Alliance LLC acquired a new position in shares of Blackrock Muni Intermediate Drtn Fnd during the fourth quarter worth $26,000. SMH Capital Advisors Inc. acquired a new position in shares of Blackrock Muni Intermediate Drtn Fnd during the fourth quarter worth $150,000. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Blackrock Muni Intermediate Drtn Fnd during the fourth quarter worth $164,000. Stratos Wealth Partners LTD. grew its stake in shares of Blackrock Muni Intermediate Drtn Fnd by 8.7% during the fourth quarter. Stratos Wealth Partners LTD. now owns 14,534 shares of the company’s stock worth $207,000 after purchasing an additional 1,163 shares in the last quarter. Finally, Park Avenue Securities LLC grew its stake in shares of Blackrock Muni Intermediate Drtn Fnd by 18.4% during the fourth quarter. Park Avenue Securities LLC now owns 17,688 shares of the company’s stock worth $252,000 after purchasing an additional 2,747 shares in the last quarter.

Blackrock Muni Intermediate Drtn Fnd Company Profile

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.

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