Short Interest in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) Drops By 73.0%

BlackRock MuniVest Fund II, Inc. (NYSE:MVT) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 5,000 shares, a decrease of 73.0% from the August 31st total of 18,500 shares. Based on an average daily trading volume, of 56,500 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 56,500 shares, the short-interest ratio is currently 0.1 days.

BlackRock MuniVest Fund II Trading Down 0.4%

Shares of NYSE MVT opened at $10.68 on Friday. The company has a 50-day moving average price of $10.38 and a 200-day moving average price of $10.27. BlackRock MuniVest Fund II has a 1 year low of $9.71 and a 1 year high of $11.46.

BlackRock MuniVest Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.054 per share. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Wednesday, October 15th.

Institutional Trading of BlackRock MuniVest Fund II

Institutional investors and hedge funds have recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of BlackRock MuniVest Fund II during the 1st quarter worth approximately $1,597,000. Advisors Asset Management Inc. grew its holdings in BlackRock MuniVest Fund II by 28.5% during the second quarter. Advisors Asset Management Inc. now owns 446,113 shares of the financial services provider’s stock valued at $4,604,000 after purchasing an additional 98,890 shares during the period. Mackay Shields LLC purchased a new stake in BlackRock MuniVest Fund II in the first quarter worth $694,000. Karpus Management Inc. raised its stake in shares of BlackRock MuniVest Fund II by 19.5% in the second quarter. Karpus Management Inc. now owns 398,165 shares of the financial services provider’s stock valued at $4,109,000 after buying an additional 65,037 shares during the period. Finally, Thomas J. Herzfeld Advisors Inc. lifted its position in shares of BlackRock MuniVest Fund II by 69.4% during the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 73,069 shares of the financial services provider’s stock valued at $772,000 after buying an additional 29,947 shares during the last quarter. 34.19% of the stock is owned by hedge funds and other institutional investors.

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.