Short Interest in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) Increases By 62.5%

BlackRock MuniVest Fund II, Inc. (NYSE:MVT) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 8,707 shares, a growth of 62.5% from the January 15th total of 5,358 shares. Based on an average trading volume of 32,812 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 32,812 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On BlackRock MuniVest Fund II

Several hedge funds and other institutional investors have recently modified their holdings of MVT. Moors & Cabot Inc. raised its stake in BlackRock MuniVest Fund II by 5.7% during the 2nd quarter. Moors & Cabot Inc. now owns 18,500 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 1,000 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of BlackRock MuniVest Fund II by 1.0% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 96,592 shares of the financial services provider’s stock worth $997,000 after purchasing an additional 1,002 shares during the period. Kovack Advisors Inc. raised its position in shares of BlackRock MuniVest Fund II by 4.6% during the third quarter. Kovack Advisors Inc. now owns 25,840 shares of the financial services provider’s stock valued at $275,000 after buying an additional 1,141 shares during the last quarter. Riverbridge Partners LLC raised its position in shares of BlackRock MuniVest Fund II by 3.5% during the third quarter. Riverbridge Partners LLC now owns 38,227 shares of the financial services provider’s stock valued at $406,000 after buying an additional 1,296 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its stake in shares of BlackRock MuniVest Fund II by 2.5% in the second quarter. Concurrent Investment Advisors LLC now owns 83,100 shares of the financial services provider’s stock valued at $858,000 after buying an additional 2,000 shares during the period. Institutional investors and hedge funds own 34.19% of the company’s stock.

BlackRock MuniVest Fund II Stock Performance

Shares of BlackRock MuniVest Fund II stock remained flat at $10.95 during trading on Friday. The stock had a trading volume of 51,350 shares, compared to its average volume of 31,985. BlackRock MuniVest Fund II has a twelve month low of $9.71 and a twelve month high of $11.19. The stock has a 50 day moving average price of $10.78 and a two-hundred day moving average price of $10.64.

BlackRock MuniVest Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 6th will be given a $0.054 dividend. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Friday, February 6th.

About BlackRock MuniVest Fund II

BlackRock MuniVest Fund II (NYSE: MVT) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. Listed on the New York Stock Exchange, the fund primarily invests in a diversified portfolio of U.S. municipal obligations, including general obligation bonds, revenue bonds and variable rate instruments. As a municipally focused fund, it aims to capture tax-efficient yields while managing credit and duration risk.

The fund’s investment strategy emphasizes fundamental credit analysis and sector diversification across various issuers at the state, city and local levels.