BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) Short Interest Up 157.8% in December

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 32,536 shares, an increase of 157.8% from the December 15th total of 12,619 shares. Based on an average daily volume of 134,306 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 134,306 shares, the short-interest ratio is presently 0.2 days.

BlackRock MuniHoldings Quality Fund II Trading Up 0.2%

Shares of MUE traded up $0.02 during trading hours on Thursday, reaching $10.17. 34,064 shares of the company traded hands, compared to its average volume of 36,366. BlackRock MuniHoldings Quality Fund II has a 12 month low of $9.26 and a 12 month high of $10.48. The company’s fifty day moving average price is $10.01 and its two-hundred day moving average price is $9.83.

BlackRock MuniHoldings Quality Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 6th will be given a $0.051 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a c) annualized dividend and a dividend yield of 6.0%.

Institutional Investors Weigh In On BlackRock MuniHoldings Quality Fund II

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hilltop National Bank purchased a new position in BlackRock MuniHoldings Quality Fund II during the second quarter valued at $32,000. Advisory Services Network LLC bought a new position in shares of BlackRock MuniHoldings Quality Fund II in the 3rd quarter worth about $36,000. Allworth Financial LP bought a new position in shares of BlackRock MuniHoldings Quality Fund II in the 2nd quarter worth about $67,000. Wolverine Asset Management LLC lifted its position in BlackRock MuniHoldings Quality Fund II by 87.2% during the 2nd quarter. Wolverine Asset Management LLC now owns 8,268 shares of the investment management company’s stock valued at $79,000 after acquiring an additional 3,851 shares during the period. Finally, Osaic Holdings Inc. boosted its stake in BlackRock MuniHoldings Quality Fund II by 113.4% during the second quarter. Osaic Holdings Inc. now owns 9,941 shares of the investment management company’s stock worth $95,000 after acquiring an additional 5,283 shares in the last quarter.

BlackRock MuniHoldings Quality Fund II Company Profile

BlackRock MuniHoldings Quality Fund II (NYSE:MUE) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal income taxes. The fund pursues its objective by investing primarily in a diversified portfolio of investment-grade municipal securities, including general obligation bonds, revenue bonds and insured or prerefunded issues. By focusing on quality issuers, the fund aims to balance income generation with a degree of credit preservation within the tax-free municipal bond market.

The fund’s portfolio typically comprises securities issued by state and local governments across the United States, enabling exposure to a broad range of tax-exempt muni credits.