Short Interest in BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) Decreases By 23.5%

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 60,700 shares, a decline of 23.5% from the February 28th total of 79,300 shares. Based on an average trading volume of 65,500 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Trading of BlackRock MuniHoldings Quality Fund II

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in BlackRock MuniHoldings Quality Fund II during the fourth quarter worth approximately $1,181,000. Atala Financial Inc acquired a new stake in BlackRock MuniHoldings Quality Fund II during the 4th quarter worth approximately $800,000. Guggenheim Capital LLC boosted its stake in BlackRock MuniHoldings Quality Fund II by 18.1% in the 4th quarter. Guggenheim Capital LLC now owns 507,340 shares of the investment management company’s stock valued at $5,073,000 after purchasing an additional 77,765 shares during the period. Invesco Ltd. grew its holdings in BlackRock MuniHoldings Quality Fund II by 86.7% in the 4th quarter. Invesco Ltd. now owns 126,793 shares of the investment management company’s stock valued at $1,268,000 after buying an additional 58,864 shares in the last quarter. Finally, LPL Financial LLC increased its position in BlackRock MuniHoldings Quality Fund II by 69.0% during the 4th quarter. LPL Financial LLC now owns 114,271 shares of the investment management company’s stock worth $1,143,000 after buying an additional 46,663 shares during the period.

BlackRock MuniHoldings Quality Fund II Stock Performance

MUE opened at $10.00 on Monday. The stock’s fifty day simple moving average is $10.25 and its 200 day simple moving average is $10.40. BlackRock MuniHoldings Quality Fund II has a 1-year low of $9.65 and a 1-year high of $10.95.

BlackRock MuniHoldings Quality Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $0.051 dividend. This represents a $0.61 annualized dividend and a dividend yield of 6.12%. The ex-dividend date is Friday, March 14th.

About BlackRock MuniHoldings Quality Fund II

BlackRock MuniHoldings Quality 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 of the United States. It primarily invests in long-term, investment grade municipal obligations exempt from federal income taxes.