BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) Sees Significant Growth in Short Interest

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 126,300 shares, a growth of 48.1% from the January 15th total of 85,300 shares. Based on an average daily trading volume, of 79,300 shares, the days-to-cover ratio is presently 1.6 days.

BlackRock MuniHoldings Quality Fund II Price Performance

Shares of BlackRock MuniHoldings Quality Fund II stock opened at $10.26 on Friday. BlackRock MuniHoldings Quality Fund II has a 1 year low of $9.65 and a 1 year high of $10.95. The stock has a 50-day moving average price of $10.27 and a 200 day moving average price of $10.45.

BlackRock MuniHoldings Quality Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date of this dividend is Friday, February 14th.

Institutional Trading of BlackRock MuniHoldings Quality Fund II

Several institutional investors have recently made changes to their positions in MUE. HighTower Advisors LLC lifted its position in BlackRock MuniHoldings Quality Fund II by 18.4% in the 3rd quarter. HighTower Advisors LLC now owns 16,991 shares of the investment management company’s stock worth $176,000 after buying an additional 2,644 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of BlackRock MuniHoldings Quality Fund II by 80.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 27,820 shares of the investment management company’s stock worth $278,000 after acquiring an additional 12,409 shares in the last quarter. Rivernorth Capital Management LLC boosted its position in BlackRock MuniHoldings Quality Fund II by 1.4% during the third quarter. Rivernorth Capital Management LLC now owns 2,245,080 shares of the investment management company’s stock valued at $24,000,000 after purchasing an additional 30,224 shares during the last quarter. Avior Wealth Management LLC grew its stake in BlackRock MuniHoldings Quality Fund II by 32.1% in the third quarter. Avior Wealth Management LLC now owns 7,750 shares of the investment management company’s stock valued at $83,000 after purchasing an additional 1,882 shares in the last quarter. Finally, Riverbridge Partners LLC acquired a new position in BlackRock MuniHoldings Quality Fund II in the 4th quarter worth about $407,000.

BlackRock MuniHoldings Quality Fund II Company Profile

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.