Short Interest in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) Grows By 29.4%

BlackRock MuniVest Fund II, Inc. (NYSE:MVT) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 13,200 shares, an increase of 29.4% from the February 28th total of 10,200 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 59,700 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On BlackRock MuniVest Fund II

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC raised its stake in BlackRock MuniVest Fund II by 573.8% during the 4th quarter. Wolverine Asset Management LLC now owns 11,063 shares of the financial services provider’s stock valued at $117,000 after acquiring an additional 9,421 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in shares of BlackRock MuniVest Fund II during the fourth quarter valued at $119,000. Avior Wealth Management LLC raised its stake in shares of BlackRock MuniVest Fund II by 15.9% during the fourth quarter. Avior Wealth Management LLC now owns 12,959 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 1,775 shares in the last quarter. Benjamin Edwards Inc. acquired a new stake in BlackRock MuniVest Fund II in the third quarter worth about $153,000. Finally, Freestone Capital Holdings LLC grew its position in BlackRock MuniVest Fund II by 13.0% in the 4th quarter. Freestone Capital Holdings LLC now owns 22,600 shares of the financial services provider’s stock valued at $238,000 after buying an additional 2,600 shares in the last quarter. 34.19% of the stock is owned by institutional investors.

BlackRock MuniVest Fund II Trading Down 0.2 %

BlackRock MuniVest Fund II stock traded down $0.02 during midday trading on Wednesday, reaching $10.66. 32,826 shares of the stock traded hands, compared to its average volume of 53,083. BlackRock MuniVest Fund II has a fifty-two week low of $10.33 and a fifty-two week high of $11.97. The firm has a fifty day moving average price of $10.76 and a two-hundred day moving average price of $10.92.

BlackRock MuniVest Fund II Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were given a dividend of $0.054 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.65 annualized dividend and a dividend yield of 6.08%.

About BlackRock MuniVest Fund II

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.