BlackRock Municipal Income Fund, Inc. (NYSE:MUI) Short Interest Down 18.1% in June

BlackRock Municipal Income Fund, Inc. (NYSE:MUI) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 88,400 shares, a decline of 18.1% from the May 31st total of 107,900 shares. Based on an average daily trading volume, of 149,000 shares, the short-interest ratio is presently 0.6 days.

BlackRock Municipal Income Fund Stock Performance

MUI opened at $12.34 on Friday. The business has a 50 day moving average price of $12.08 and a 200 day moving average price of $11.86. BlackRock Municipal Income Fund has a twelve month low of $9.73 and a twelve month high of $12.42.

BlackRock Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a $0.055 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date is Friday, June 14th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pathstone Holdings LLC acquired a new position in shares of BlackRock Municipal Income Fund during the fourth quarter worth approximately $36,451,000. Karpus Management Inc. increased its holdings in shares of BlackRock Municipal Income Fund by 16.9% during the 4th quarter. Karpus Management Inc. now owns 12,403,877 shares of the company’s stock worth $144,381,000 after purchasing an additional 1,791,567 shares during the period. City of London Investment Management Co. Ltd. raised its position in shares of BlackRock Municipal Income Fund by 86.4% during the first quarter. City of London Investment Management Co. Ltd. now owns 353,191 shares of the company’s stock valued at $4,259,000 after buying an additional 163,719 shares during the last quarter. Gridiron Partners LLC bought a new stake in shares of BlackRock Municipal Income Fund in the fourth quarter valued at about $1,064,000. Finally, Robinson Capital Management LLC grew its position in BlackRock Municipal Income Fund by 26.6% during the fourth quarter. Robinson Capital Management LLC now owns 397,932 shares of the company’s stock worth $4,640,000 after buying an additional 83,659 shares in 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.