Blackrock Muni Intermediate Duration Fund Inc (NYSE:MUI) Institutional Investors Sentiment Improved in Q4 2016

July 26, 2017 - By Richard Conner

 Blackrock Muni Intermediate Duration Fund Inc (NYSE:MUI) Institutional Investors Sentiment  Improved in  Q4 2016

Sentiment for Blackrock Muni Intermediate Duration Fund Inc (NYSE:MUI)

Blackrock Muni Intermediate Duration Fund Inc (NYSE:MUI) institutional sentiment increased to 1.32 in Q4 2016. Its up 0.23, from 1.09 in 2016Q3. The ratio increased, as 25 hedge funds opened new or increased positions, while 19 reduced and sold stock positions in Blackrock Muni Intermediate Duration Fund Inc. The hedge funds in our partner’s database reported: 7.24 million shares, up from 6.34 million shares in 2016Q3. Also, the number of hedge funds holding Blackrock Muni Intermediate Duration Fund Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 0 Reduced: 19 Increased: 14 New Position: 11.

BlackRock Muni Intermediate Duration Fund, Inc. is a closed-end management investment company. The company has market cap of $537.30 million. The Fund’s investment objective is to provide common shareholders with high current income exempt from federal income taxes. It currently has negative earnings. The Fund seeks to achieve its investment objective by investing approximately 80% of its assets in municipal bonds exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax).

The stock decreased 0.21% or $0.03 on July 25, reaching $14.03. About shares traded. Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) has declined 6.16% since July 26, 2016 and is downtrending. It has underperformed by 22.86% the S&P500.

Harvey Capital Management Inc holds 1.4% of its portfolio in Blackrock Muni Intermediate Drtn Fnd Inc for 218,500 shares. Karpus Management Inc. owns 1.18 million shares or 0.94% of their US portfolio. Moreover, Rock Point Advisors Llc has 0.61% invested in the company for 86,605 shares. The Illinois-based Rivernorth Capital Management Llc has invested 0.54% in the stock. Mackay Shields Llc, a New York-based fund reported 800,000 shares.#img1#

More news for Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) were recently published by: Reuters.com, which released: “BlackRock Muni Intermediate Duration Fund Inc Announces Pricing and Placement Of Approximately $287 Million In Private Offering Of Variable Rate Muni Term Preferred Shares” on December 07, 2012. Learnbonds.com‘s article titled: “Blackrock (NYSE:MUI) Plus 11 More Contrarian Investment Ideas for 2016” and published on January 02, 2016 is yet another important article.

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