MUI Stock Summary and Trading Ideas (Blackrock Muni Inter Duration | NYSE:MUI)

BlackRock Muni Intermediate Duration Fund, Inc.’s (MUI) (the “Fund”) investment objective is to provide common shareholders with high current income exempt from federal income taxes. The Fund seeks to achieve its investment objective by investing at least 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). Under normal market conditions, the Fund invests at least 75% of its assets in municipal bonds rated investment grade and invests at least 80% of its assets in municipal bonds with a duration of three to ten years at the time of investment. The Fund may invest directly in such securities or synthetically through the use of derivatives.

Blackrock Muni Inter Duration trades on the NYSE stock market under the symbol MUI.

As of April 22, 2024, MUI stock price was flat at $11.62 with 140,038 million shares trading.

MUI has a beta of 0.52, meaning it tends to be less sensitive to market movements. MUI has a correlation of 0.25 to the broad based SPY ETF.

MUI has a market cap of $836.55 million. This is considered a Small Cap stock.

In the last 3 years, MUI stock traded as high as $17.40 and as low as $9.73.

MUI has underperformed the market in the last year with a return of +6.1%, while the SPY ETF gained +22.3%. In the last 3 month period, MUI fell short of the market, returning +3.0%, while SPY returned +3.9%. However, in the most recent 2 weeks MUI has outperformed the stock market by returning -0.5%, while SPY returned -3.6%.

MUI support price is $11.54 and resistance is $11.70 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MUI stock will trade within this expected range on the day.