BlackRock MuniVest Fund II, Inc. (NYSE:MVT) Short Interest Up 76.3% in February

BlackRock MuniVest Fund II, Inc. (NYSE:MVT) was the target of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 10,400 shares, an increase of 76.3% from the January 31st total of 5,900 shares. Based on an average daily trading volume, of 73,600 shares, the short-interest ratio is presently 0.1 days.

BlackRock MuniVest Fund II Stock Performance

Shares of MVT stock traded up $0.07 on Monday, reaching $11.04. The stock had a trading volume of 45,644 shares, compared to its average volume of 42,371. BlackRock MuniVest Fund II has a 1 year low of $10.33 and a 1 year high of $11.97. The company has a 50 day simple moving average of $10.73 and a 200 day simple moving average of $11.02.

BlackRock MuniVest Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a $0.054 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.65 annualized dividend and a yield of 5.87%.

Institutional Investors Weigh In On BlackRock MuniVest Fund II

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. boosted its holdings in shares of BlackRock MuniVest Fund II by 65.3% in the third quarter. Advisors Asset Management Inc. now owns 159,206 shares of the financial services provider’s stock worth $1,813,000 after buying an additional 62,895 shares during the last quarter. Avior Wealth Management LLC raised its position in BlackRock MuniVest Fund II by 15.9% in the fourth quarter. Avior Wealth Management LLC now owns 12,959 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 1,775 shares during the period. HighTower Advisors LLC boosted its stake in shares of BlackRock MuniVest Fund II by 8.4% during the 3rd quarter. HighTower Advisors LLC now owns 27,450 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 2,123 shares during the last quarter. Pathstone Holdings LLC grew its position in shares of BlackRock MuniVest Fund II by 20.8% during the 3rd quarter. Pathstone Holdings LLC now owns 520,807 shares of the financial services provider’s stock valued at $5,932,000 after acquiring an additional 89,537 shares during the period. Finally, Catalina Capital Group LLC purchased a new stake in shares of BlackRock MuniVest Fund II in the 4th quarter worth $301,000. Hedge funds and other institutional investors own 34.19% of the company’s stock.

BlackRock MuniVest Fund II Company Profile

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.