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

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 2,000 shares, a decrease of 73.0% from the February 29th total of 7,400 shares. Based on an average daily volume of 61,200 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of BlackRock MuniHoldings Quality Fund II

A number of large investors have recently bought and sold shares of MUE. Nations Financial Group Inc. IA ADV raised its stake in shares of BlackRock MuniHoldings Quality Fund II by 2.5% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 60,819 shares of the investment management company’s stock valued at $611,000 after purchasing an additional 1,500 shares during the period. Advisory Services Network LLC raised its position in BlackRock MuniHoldings Quality Fund II by 17.8% in the 1st quarter. Advisory Services Network LLC now owns 16,990 shares of the investment management company’s stock valued at $171,000 after buying an additional 2,562 shares during the last quarter. UMB Bank n.a. bought a new stake in BlackRock MuniHoldings Quality Fund II in the 4th quarter valued at approximately $27,000. Comerica Bank boosted its position in BlackRock MuniHoldings Quality Fund II by 35.4% during the 4th quarter. Comerica Bank now owns 11,010 shares of the investment management company’s stock worth $110,000 after acquiring an additional 2,876 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in BlackRock MuniHoldings Quality Fund II by 16.5% during the 3rd quarter. HighTower Advisors LLC now owns 21,137 shares of the investment management company’s stock worth $170,000 after acquiring an additional 2,987 shares during the last quarter.

BlackRock MuniHoldings Quality Fund II Trading Up 0.2 %

Shares of NYSE MUE traded up $0.02 during midday trading on Wednesday, reaching $10.11. 28,114 shares of the stock were exchanged, compared to its average volume of 59,435. BlackRock MuniHoldings Quality Fund II has a 12 month low of $8.53 and a 12 month high of $10.17. The business has a 50-day simple moving average of $9.98 and a two-hundred day simple moving average of $9.63.

BlackRock MuniHoldings Quality Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be given a dividend of $0.045 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.34%. The ex-dividend date is Thursday, March 14th.

About BlackRock MuniHoldings Quality Fund II

BlackRock MuniHoldings 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 of the United States. It primarily invests in long-term, investment grade municipal obligations exempt from federal income taxes.