Short Interest in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) Expands By 76.3%

BlackRock MuniVest Fund II, Inc. (NYSE:MVT) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 10,400 shares, an increase of 76.3% from the January 31st total of 5,900 shares. Based on an average daily trading volume, of 73,600 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On BlackRock MuniVest Fund II

Hedge funds have recently made changes to their positions in the business. Pathstone Holdings LLC increased its stake in BlackRock MuniVest Fund II by 42.2% in the fourth quarter. Pathstone Holdings LLC now owns 740,813 shares of the financial services provider’s stock valued at $7,834,000 after purchasing an additional 220,006 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in BlackRock MuniVest Fund II by 85.0% in the 4th quarter. Advisors Asset Management Inc. now owns 294,524 shares of the financial services provider’s stock valued at $3,107,000 after buying an additional 135,318 shares during the period. Logan Stone Capital LLC increased its stake in shares of BlackRock MuniVest Fund II by 67.1% during the 4th quarter. Logan Stone Capital LLC now owns 258,989 shares of the financial services provider’s stock valued at $2,732,000 after acquiring an additional 103,996 shares during the last quarter. Scarborough Advisors LLC purchased a new position in shares of BlackRock MuniVest Fund II during the 4th quarter worth about $1,092,000. Finally, Guggenheim Capital LLC boosted its position in shares of BlackRock MuniVest Fund II by 26.8% in the fourth quarter. Guggenheim Capital LLC now owns 474,769 shares of the financial services provider’s stock worth $5,009,000 after acquiring an additional 100,383 shares during the last quarter. Institutional investors and hedge funds own 34.19% of the company’s stock.

BlackRock MuniVest Fund II Price Performance

NYSE:MVT opened at $11.04 on Tuesday. The firm has a 50 day simple moving average of $10.74 and a 200-day simple moving average of $11.02. BlackRock MuniVest Fund II has a 1-year low of $10.33 and a 1-year high of $11.97.

BlackRock MuniVest Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a $0.054 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.65 annualized dividend and a yield of 5.87%.

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.