Short Interest in BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) Decreases By 54.5%

BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 14,000 shares, a decrease of 54.5% from the September 30th total of 30,800 shares. Based on an average daily volume of 50,900 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund II

A number of hedge funds and other institutional investors have recently made changes to their positions in MQT. Hennion & Walsh Asset Management Inc. acquired a new position in BlackRock MuniYield Quality Fund II in the 3rd quarter valued at $199,000. International Assets Investment Management LLC bought a new position in BlackRock MuniYield Quality Fund II in the 3rd quarter valued at about $5,750,000. Logan Stone Capital LLC raised its position in shares of BlackRock MuniYield Quality Fund II by 247.0% in the 2nd quarter. Logan Stone Capital LLC now owns 114,817 shares of the investment management company’s stock valued at $1,181,000 after buying an additional 81,733 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund II during the 2nd quarter worth approximately $159,000. Finally, Rothschild Investment LLC bought a new position in BlackRock MuniYield Quality Fund II in the second quarter valued at approximately $517,000. 30.75% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund II Price Performance

Shares of NYSE MQT traded up $0.10 during mid-day trading on Friday, hitting $10.43. The company had a trading volume of 39,678 shares, compared to its average volume of 49,326. The firm has a 50-day simple moving average of $10.68 and a two-hundred day simple moving average of $10.36. BlackRock MuniYield Quality Fund II has a one year low of $8.59 and a one year high of $11.00.

BlackRock MuniYield Quality Fund II Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date is Tuesday, October 15th. This is a positive change from BlackRock MuniYield Quality Fund II’s previous monthly dividend of $0.05.

BlackRock MuniYield Quality Fund II Company Profile

BlackRock MuniYield 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. It primarily invests in municipal debt bonds exempt from federal income taxes. BlackRock MuniYield Quality Fund II, Inc was formed in September 21, 1992 and is domiciled in United States.