BlackRock MuniVest Fund II, Inc. (NYSE:MVT) Short Interest Update

BlackRock MuniVest Fund II, Inc. (NYSE:MVT) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 10,400 shares, an increase of 76.3% from the January 31st total of 5,900 shares. Based on an average daily volume of 73,600 shares, the days-to-cover ratio is presently 0.1 days.

BlackRock MuniVest Fund II Price Performance

BlackRock MuniVest Fund II stock opened at $11.04 on Tuesday. BlackRock MuniVest Fund II has a fifty-two week low of $10.33 and a fifty-two week high of $11.97. The stock’s fifty day moving average is $10.74 and its two-hundred day moving average is $11.02.

BlackRock MuniVest Fund II Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a dividend of $0.054 per share. The ex-dividend date was Friday, February 14th. This represents a $0.65 annualized dividend and a yield of 5.87%.

Hedge Funds Weigh In On BlackRock MuniVest Fund II

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. increased its stake in shares of BlackRock MuniVest Fund II by 65.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 159,206 shares of the financial services provider’s stock worth $1,813,000 after purchasing an additional 62,895 shares in the last quarter. Avior Wealth Management LLC grew its holdings in BlackRock MuniVest Fund II by 15.9% during the 4th quarter. Avior Wealth Management LLC now owns 12,959 shares of the financial services provider’s stock valued at $137,000 after buying an additional 1,775 shares during the last quarter. HighTower Advisors LLC increased its position in BlackRock MuniVest Fund II by 8.4% during the third quarter. HighTower Advisors LLC now owns 27,450 shares of the financial services provider’s stock worth $307,000 after buying an additional 2,123 shares in the last quarter. Pathstone Holdings LLC raised its holdings in shares of BlackRock MuniVest Fund II by 20.8% in the third quarter. Pathstone Holdings LLC now owns 520,807 shares of the financial services provider’s stock worth $5,932,000 after acquiring an additional 89,537 shares during the last quarter. Finally, Catalina Capital Group LLC acquired a new position in shares of BlackRock MuniVest Fund II in the fourth quarter worth $301,000. Institutional investors and hedge funds own 34.19% of the company’s stock.

BlackRock MuniVest Fund II Company Profile

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.