Short Interest in BlackRock Municipal Income Trust II (NYSE:BLE) Expands By 23.7%

BlackRock Municipal Income Trust II (NYSE:BLE) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 49,100 shares, a growth of 23.7% from the February 28th total of 39,700 shares. Based on an average trading volume of 102,100 shares, the short-interest ratio is presently 0.5 days.

BlackRock Municipal Income Trust II Price Performance

BLE traded down $0.04 during trading on Wednesday, reaching $10.49. 110,470 shares of the company’s stock were exchanged, compared to its average volume of 82,156. The stock has a fifty day moving average price of $10.63. BlackRock Municipal Income Trust II has a one year low of $10.30 and a one year high of $11.41.

BlackRock Municipal Income Trust II Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a dividend of $0.054 per share. This represents a $0.65 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date of this dividend was Friday, March 14th.

Institutional Investors Weigh In On BlackRock Municipal Income Trust II

Institutional investors and hedge funds have recently made changes to their positions in the business. Benjamin Edwards Inc. bought a new position in shares of BlackRock Municipal Income Trust II in the 3rd quarter worth $124,000. HighTower Advisors LLC lifted its stake in shares of BlackRock Municipal Income Trust II by 20.3% in the third quarter. HighTower Advisors LLC now owns 40,344 shares of the company’s stock valued at $459,000 after buying an additional 6,812 shares in the last quarter. Rivernorth Capital Management LLC grew its holdings in shares of BlackRock Municipal Income Trust II by 1.3% during the third quarter. Rivernorth Capital Management LLC now owns 3,732,893 shares of the company’s stock valued at $42,032,000 after buying an additional 48,807 shares during the last quarter. Park Avenue Securities LLC increased its position in shares of BlackRock Municipal Income Trust II by 5.1% during the fourth quarter. Park Avenue Securities LLC now owns 99,130 shares of the company’s stock worth $1,042,000 after acquiring an additional 4,807 shares in the last quarter. Finally, Simon Quick Advisors LLC acquired a new stake in shares of BlackRock Municipal Income Trust II in the 4th quarter worth about $112,000.

About BlackRock Municipal Income Trust II

BlackRock Municipal Income Trust II 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 long-term and short-term investments, and money market funds. The fund primarily in investment grade municipal bonds that are exempt from regular federal income tax.