Short Interest in BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) Grows By 19.9%

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 7,687 shares, an increase of 19.9% from the January 15th total of 6,409 shares. Based on an average trading volume of 59,097 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 59,097 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Riverbridge Partners LLC raised its stake in shares of BlackRock MuniHoldings Quality Fund II by 3.5% during the 3rd quarter. Riverbridge Partners LLC now owns 47,499 shares of the investment management company’s stock worth $478,000 after buying an additional 1,612 shares in the last quarter. HighTower Advisors LLC raised its position in shares of BlackRock MuniHoldings Quality Fund II by 14.5% during the 4th quarter. HighTower Advisors LLC now owns 20,803 shares of the investment management company’s stock valued at $209,000 after acquiring an additional 2,642 shares in the last quarter. Elyxium Wealth LLC acquired a new position in BlackRock MuniHoldings Quality Fund II during the 4th quarter worth $27,000. Rockefeller Capital Management L.P. lifted its stake in BlackRock MuniHoldings Quality Fund II by 8.3% during the second quarter. Rockefeller Capital Management L.P. now owns 37,570 shares of the investment management company’s stock valued at $360,000 after purchasing an additional 2,890 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of BlackRock MuniHoldings Quality Fund II in the third quarter worth $36,000.

BlackRock MuniHoldings Quality Fund II Price Performance

Shares of MUE stock traded down $0.07 during mid-day trading on Tuesday, reaching $10.07. The stock had a trading volume of 44,662 shares, compared to its average volume of 51,330. BlackRock MuniHoldings Quality Fund II has a 52-week low of $9.26 and a 52-week high of $10.48. The stock’s 50-day moving average price is $10.04 and its two-hundred day moving average price is $9.94.

BlackRock MuniHoldings Quality Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 6th will be given a dividend of $0.051 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%.

BlackRock MuniHoldings Quality Fund II Company Profile

BlackRock MuniHoldings Quality Fund II (NYSE:MUE) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal income taxes. The fund pursues its objective by investing primarily in a diversified portfolio of investment-grade municipal securities, including general obligation bonds, revenue bonds and insured or prerefunded issues. By focusing on quality issuers, the fund aims to balance income generation with a degree of credit preservation within the tax-free municipal bond market.

The fund’s portfolio typically comprises securities issued by state and local governments across the United States, enabling exposure to a broad range of tax-exempt muni credits.