Short Interest in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) Increases By 60.3%

BlackRock MuniVest Fund II, Inc. (NYSE:MVT) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 20,200 shares, a growth of 60.3% from the September 30th total of 12,600 shares. Based on an average trading volume of 46,900 shares, the short-interest ratio is presently 0.4 days.

BlackRock MuniVest Fund II Stock Performance

BlackRock MuniVest Fund II stock traded down $0.09 during mid-day trading on Tuesday, hitting $10.86. 64,228 shares of the company were exchanged, compared to its average volume of 43,596. BlackRock MuniVest Fund II has a 1-year low of $9.05 and a 1-year high of $11.97. The business has a fifty day moving average of $11.32 and a 200 day moving average of $10.99.

BlackRock MuniVest Fund II Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a dividend of $0.054 per share. This is an increase from BlackRock MuniVest Fund II’s previous monthly dividend of $0.05. This represents a $0.65 annualized dividend and a yield of 5.97%. The ex-dividend date is Tuesday, October 15th.

Institutional Trading of BlackRock MuniVest Fund II

Several large investors have recently added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC acquired a new stake in BlackRock MuniVest Fund II in the 2nd quarter valued at about $27,000. EverSource Wealth Advisors LLC grew its stake in shares of BlackRock MuniVest Fund II by 204.0% during the second quarter. EverSource Wealth Advisors LLC now owns 6,333 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 4,250 shares during the last quarter. Wolverine Asset Management LLC increased its holdings in shares of BlackRock MuniVest Fund II by 268.7% in the second quarter. Wolverine Asset Management LLC now owns 6,637 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 4,837 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in BlackRock MuniVest Fund II in the 1st quarter worth approximately $123,000. Finally, Kimelman & Baird LLC acquired a new position in BlackRock MuniVest Fund II during the 2nd quarter worth $146,000. 34.19% of the stock is owned by institutional investors.

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.