BlackRock MuniVest Fund II, Inc. (NYSE:MVT) Short Interest Update

BlackRock MuniVest Fund II, Inc. (NYSE:MVT) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 13,200 shares, an increase of 29.4% from the February 28th total of 10,200 shares. Based on an average trading volume of 59,700 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

BlackRock MuniVest Fund II Stock Up 1.0 %

Shares of MVT stock traded up $0.11 during trading hours on Tuesday, reaching $10.68. 39,979 shares of the stock traded hands, compared to its average volume of 53,164. BlackRock MuniVest Fund II has a 1-year low of $10.33 and a 1-year high of $11.97. The business has a fifty day moving average price of $10.76 and a 200 day moving average price of $10.92.

BlackRock MuniVest Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.054 per share. This represents a $0.65 annualized dividend and a yield of 6.07%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Trading of BlackRock MuniVest Fund II

Several hedge funds and other institutional investors have recently modified their holdings of the business. Pathstone Holdings LLC lifted its stake in BlackRock MuniVest Fund II by 42.2% in the 4th quarter. Pathstone Holdings LLC now owns 740,813 shares of the financial services provider’s stock worth $7,834,000 after acquiring an additional 220,006 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in shares of BlackRock MuniVest Fund II in the fourth quarter worth approximately $309,000. Logan Stone Capital LLC boosted its holdings in shares of BlackRock MuniVest Fund II by 67.1% during the fourth quarter. Logan Stone Capital LLC now owns 258,989 shares of the financial services provider’s stock worth $2,732,000 after purchasing an additional 103,996 shares during the period. Ameriprise Financial Inc. grew its position in BlackRock MuniVest Fund II by 5.8% during the fourth quarter. Ameriprise Financial Inc. now owns 93,638 shares of the financial services provider’s stock valued at $988,000 after purchasing an additional 5,159 shares in the last quarter. Finally, Guggenheim Capital LLC increased its stake in BlackRock MuniVest Fund II by 26.8% in the 4th quarter. Guggenheim Capital LLC now owns 474,769 shares of the financial services provider’s stock valued at $5,009,000 after buying an additional 100,383 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.