MYD Falls to Levels Below Book Value

In trading on Wednesday, shares of BlackRock MuniYield Fund (MYD) crossed below their last reported book value — defined as common shareholder equity per share — of $14.71, changing hands as low as $14.65 per share. BlackRock MuniYield Fund shares are currently trading off about 1.1% on the day. The chart below shows the one year performance of MYD shares, versus its 50 and 200 day moving averages:

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BlackRock MuniYield Fund Moving Averages Chart

Looking at the chart above, MYD's low point in its 52 week range is $13.89 per share, with $15.45 as the 52 week high point — that compares with a last trade of $14.72.

According to the ETF Finder at ETF Channel, MYD makes up 1.42% of the CEF Municipal Income ETF ( XMPT) which is trading lower by about 0.5% on the day Wednesday.

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