BlackRock MuniVest Fund II, Inc. (NYSE:MVT) Short Interest Up 1,227.0% in September

BlackRock MuniVest Fund II, Inc. (NYSE:MVT) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 49,100 shares, a growth of 1,227.0% from the August 31st total of 3,700 shares. Based on an average trading volume of 41,500 shares, the short-interest ratio is presently 1.2 days.

BlackRock MuniVest Fund II Stock Down 0.1 %

BlackRock MuniVest Fund II stock traded down $0.01 during midday trading on Thursday, reaching $11.41. The stock had a trading volume of 52,240 shares, compared to its average volume of 43,084. The firm’s fifty day simple moving average is $11.23 and its 200-day simple moving average is $10.92. BlackRock MuniVest Fund II has a 1-year low of $8.96 and a 1-year high of $11.97.

BlackRock MuniVest Fund II Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a $0.054 dividend. The ex-dividend date is Tuesday, October 15th. This is a boost from BlackRock MuniVest Fund II’s previous monthly dividend of $0.05. This represents a $0.65 annualized dividend and a dividend yield of 5.68%.

Institutional Trading of BlackRock MuniVest Fund II

A number of large investors have recently added to or reduced their stakes in MVT. Kimelman & Baird LLC bought a new position in BlackRock MuniVest Fund II during the second quarter worth $146,000. EverSource Wealth Advisors LLC boosted its holdings in shares of BlackRock MuniVest Fund II by 204.0% during the 2nd 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. Blue Bell Private Wealth Management LLC acquired a new position in BlackRock MuniVest Fund II in the 2nd quarter valued at about $27,000. Wolverine Asset Management LLC grew its stake in BlackRock MuniVest Fund II by 268.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 6,637 shares of the financial services provider’s stock valued at $73,000 after buying an additional 4,837 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in BlackRock MuniVest Fund II by 4.0% in the 2nd quarter. Van ECK Associates Corp now owns 171,465 shares of the financial services provider’s stock valued at $1,895,000 after acquiring an additional 6,533 shares during the period. Institutional investors and hedge funds 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.