Short Interest in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) Grows By 179.8%

BlackRock MuniVest Fund II, Inc. (NYSE:MVT) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 5,358 shares, an increase of 179.8% from the December 31st total of 1,915 shares. Based on an average daily volume of 42,804 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 42,804 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of BlackRock MuniVest Fund II

A number of hedge funds have recently made changes to their positions in MVT. Gridiron Partners LLC grew its position in BlackRock MuniVest Fund II by 9,221.4% during the third quarter. Gridiron Partners LLC now owns 2,244,314 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 2,220,237 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of 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 worth $4,604,000 after acquiring an additional 98,890 shares in the last quarter. Concurrent Investment Advisors LLC grew its stake in 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 purchasing an additional 2,000 shares in the last quarter. Nomura Holdings Inc. acquired a new position in BlackRock MuniVest Fund II in the 2nd quarter worth about $103,000. Finally, Ameriprise Financial Inc. raised its stake in shares of BlackRock MuniVest Fund II by 3.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 102,127 shares of the financial services provider’s stock worth $1,051,000 after purchasing an additional 3,418 shares in the last quarter. 34.19% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniVest Fund II Stock Performance

MVT opened at $10.83 on Thursday. The stock has a fifty day moving average of $10.72 and a 200-day moving average of $10.57. BlackRock MuniVest Fund II has a 12-month low of $9.71 and a 12-month high of $11.19.

BlackRock MuniVest Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 6th will be paid a $0.054 dividend. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Friday, February 6th.

BlackRock MuniVest Fund II Company Profile

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.