BlackRock MuniVest Fund II, Inc. (NYSE:MVT) Short Interest Down 83.4% in August

BlackRock MuniVest Fund II, Inc. (NYSE:MVT) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totalling 3,700 shares, a decrease of 83.4% from the August 15th total of 22,300 shares. Based on an average daily volume of 35,800 shares, the short-interest ratio is presently 0.1 days.

BlackRock MuniVest Fund II Stock Performance

Shares of NYSE:MVT traded up $0.14 on Thursday, reaching $11.70. 57,584 shares of the company’s stock were exchanged, compared to its average volume of 41,513. The company has a fifty day moving average of $11.13 and a 200-day moving average of $10.87. BlackRock MuniVest Fund II has a twelve month low of $8.96 and a twelve month high of $11.70.

BlackRock MuniVest Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be issued a dividend of $0.0505 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date of this dividend is Monday, September 16th.

Institutional Trading of BlackRock MuniVest Fund II

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC bought a new position in BlackRock MuniVest Fund II in the 2nd quarter valued at approximately $27,000. Pineridge Advisors LLC acquired a new position in BlackRock MuniVest Fund II in the 4th quarter valued at approximately $60,000. EverSource Wealth Advisors LLC increased its position in shares of BlackRock MuniVest Fund II by 204.0% during the second quarter. EverSource Wealth Advisors LLC now owns 6,333 shares of the financial services provider’s stock worth $70,000 after buying an additional 4,250 shares during the period. Wolverine Asset Management LLC increased its position in shares of BlackRock MuniVest Fund II by 268.7% during the second quarter. Wolverine Asset Management LLC now owns 6,637 shares of the financial services provider’s stock worth $73,000 after buying an additional 4,837 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new stake in BlackRock MuniVest Fund II in the 1st quarter valued at about $123,000. Institutional investors own 34.19% of the company’s stock.

About BlackRock MuniVest Fund II

BlackRock MuniVest Fund II, 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 long-term municipal bonds exempt from federal income taxes. BlackRock MuniVest Fund II, Inc was formed on March 29, 1993 and is domiciled in United States.