BlackRock Municipal Income Trust II (NYSE:BLE) Short Interest Update

BlackRock Municipal Income Trust II (NYSE:BLE) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 49,100 shares, an increase of 23.7% from the February 28th total of 39,700 shares. Based on an average daily volume of 102,100 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On BlackRock Municipal Income Trust II

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wakefield Asset Management LLLP grew its stake in shares of BlackRock Municipal Income Trust II by 0.6% during the 4th quarter. Wakefield Asset Management LLLP now owns 170,026 shares of the company’s stock worth $1,787,000 after purchasing an additional 973 shares during the period. Bank of Montreal Can boosted its holdings in BlackRock Municipal Income Trust II by 5.0% during the fourth quarter. Bank of Montreal Can now owns 21,149 shares of the company’s stock worth $222,000 after buying an additional 1,006 shares in the last quarter. NewEdge Advisors LLC grew its position in BlackRock Municipal Income Trust II by 5.7% during the fourth quarter. NewEdge Advisors LLC now owns 28,226 shares of the company’s stock worth $297,000 after buying an additional 1,522 shares during the period. Catalina Capital Group LLC increased its holdings in BlackRock Municipal Income Trust II by 7.3% in the fourth quarter. Catalina Capital Group LLC now owns 25,638 shares of the company’s stock valued at $269,000 after buying an additional 1,744 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its position in shares of BlackRock Municipal Income Trust II by 15.6% during the 4th quarter. Avior Wealth Management LLC now owns 20,077 shares of the company’s stock valued at $211,000 after acquiring an additional 2,706 shares during the period.

BlackRock Municipal Income Trust II Price Performance

BLE stock traded up $0.14 on Tuesday, hitting $10.53. The company’s stock had a trading volume of 113,877 shares, compared to its average volume of 81,693. BlackRock Municipal Income Trust II has a 1 year low of $10.30 and a 1 year high of $11.41. The firm’s 50 day simple moving average is $10.63.

BlackRock Municipal Income Trust II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $0.054 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.65 annualized dividend and a yield of 6.15%.

BlackRock Municipal Income Trust II Company Profile

BlackRock Municipal Income Trust II 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 primarily invests long-term and short-term investments, and money market funds. The fund primarily in investment grade municipal bonds that are exempt from regular federal income tax.