BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) Sees Large Decline in Short Interest

BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) was the target of a large drop in short interest in February. As of February 15th, there was short interest totalling 16,600 shares, a drop of 57.1% from the January 31st total of 38,700 shares. Based on an average daily volume of 72,100 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund II

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MQT. International Assets Investment Management LLC acquired a new position in shares of BlackRock MuniYield Quality Fund II in the 3rd quarter worth approximately $5,750,000. HF Advisory Group LLC bought a new position in BlackRock MuniYield Quality Fund II during the 3rd quarter valued at $109,000. Concurrent Investment Advisors LLC lifted its holdings in BlackRock MuniYield Quality Fund II by 15.5% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 40,402 shares of the investment management company’s stock valued at $437,000 after acquiring an additional 5,419 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in BlackRock MuniYield Quality Fund II by 24.2% during the third quarter. Wolverine Asset Management LLC now owns 19,188 shares of the investment management company’s stock worth $208,000 after buying an additional 3,734 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC lifted its stake in BlackRock MuniYield Quality Fund II by 3.4% during the third quarter. Horizon Kinetics Asset Management LLC now owns 39,579 shares of the investment management company’s stock valued at $428,000 after buying an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 30.75% of the company’s stock.

BlackRock MuniYield Quality Fund II Price Performance

NYSE:MQT opened at $10.36 on Friday. The firm has a 50 day simple moving average of $10.11 and a 200-day simple moving average of $10.41. BlackRock MuniYield Quality Fund II has a 1-year low of $9.74 and a 1-year high of $11.00.

BlackRock MuniYield Quality Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a dividend of $0.051 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.61 dividend on an annualized basis and a yield of 5.91%.

About BlackRock MuniYield Quality Fund II

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.