Short Interest in Blackrock Muniyield Insured Fund Inc. (NYSE:MYI) Rises By 19.6%

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Blackrock Muniyield Insured Fund Inc. (NYSE:MYI) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totalling 29,300 shares, a growth of 19.6% from the August 31st total of 24,500 shares. Based on an average trading volume of 92,200 shares, the days-to-cover ratio is presently 0.3 days.

MYI remained flat at $$13.46 during midday trading on Friday. 94,830 shares of the company’s stock traded hands, compared to its average volume of 147,169. Blackrock Muniyield Insured Fund has a 52-week low of $9.65 and a 52-week high of $14.50. The firm has a fifty day moving average price of $13.45 and a 200-day moving average price of $12.92.

The business also recently disclosed a monthly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were given a $0.0445 dividend. This represents a $0.53 annualized dividend and a yield of 3.97%. The ex-dividend date was Monday, September 14th.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Karpus Management Inc. increased its position in Blackrock Muniyield Insured Fund by 1.7% in the 2nd quarter. Karpus Management Inc. now owns 6,832,822 shares of the investment management company’s stock valued at $88,963,000 after acquiring an additional 116,017 shares in the last quarter. Laidlaw Wealth Management LLC grew its position in shares of Blackrock Muniyield Insured Fund by 5.0% during the 2nd quarter. Laidlaw Wealth Management LLC now owns 42,000 shares of the investment management company’s stock worth $547,000 after buying an additional 2,000 shares during the period. Fairhaven Wealth Management LLC grew its position in shares of Blackrock Muniyield Insured Fund by 22.2% during the 2nd quarter. Fairhaven Wealth Management LLC now owns 13,314 shares of the investment management company’s stock worth $173,000 after buying an additional 2,423 shares during the period. Bank of America Corp DE grew its position in shares of Blackrock Muniyield Insured Fund by 2.5% during the 2nd quarter. Bank of America Corp DE now owns 379,796 shares of the investment management company’s stock worth $4,945,000 after buying an additional 9,193 shares during the period. Finally, Stifel Financial Corp grew its position in shares of Blackrock Muniyield Insured Fund by 2.8% during the 2nd quarter. Stifel Financial Corp now owns 338,762 shares of the investment management company’s stock worth $4,411,000 after buying an additional 9,165 shares during the period. Hedge funds and other institutional investors own 29.03% of the company’s stock.

Blackrock Muniyield Insured Fund Company Profile

BlackRock MuniYield Quality Fund III, 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 invests primarily in a portfolio of long-term investment-grade municipal obligations exempt from federal income taxes.

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