Short Interest in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) Grows By 29.4%

BlackRock MuniVest Fund II, Inc. (NYSE:MVT) was the recipient of a significant increase in short interest during the month of 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. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 59,700 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of BlackRock MuniVest Fund II

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wolverine Asset Management LLC grew its position in shares of BlackRock MuniVest Fund II by 573.8% during the 4th quarter. Wolverine Asset Management LLC now owns 11,063 shares of the financial services provider’s stock valued at $117,000 after buying an additional 9,421 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of BlackRock MuniVest Fund II during the fourth quarter valued at approximately $119,000. Avior Wealth Management LLC raised its position in shares of BlackRock MuniVest Fund II by 15.9% during the 4th quarter. Avior Wealth Management LLC now owns 12,959 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 1,775 shares during the period. Benjamin Edwards Inc. bought a new stake in shares of BlackRock MuniVest Fund II in the 3rd quarter worth approximately $153,000. Finally, Freestone Capital Holdings LLC lifted its holdings in shares of BlackRock MuniVest Fund II by 13.0% in the 4th quarter. Freestone Capital Holdings LLC now owns 22,600 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 2,600 shares during the last quarter. 34.19% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniVest Fund II Price Performance

Shares of MVT traded down $0.02 during mid-day trading on Wednesday, hitting $10.66. The stock had a trading volume of 32,826 shares, compared to its average volume of 53,083. BlackRock MuniVest Fund II has a fifty-two week low of $10.33 and a fifty-two week high of $11.97. The company’s fifty day simple moving average is $10.76 and its two-hundred day simple moving average is $10.92.

BlackRock MuniVest Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were issued a $0.054 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date was Friday, March 14th.

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.