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

BlackRock MuniVest Fund II, Inc. (NYSE:MVT) was the recipient of a significant increase in short interest during the month of 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 trading volume of 73,600 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On BlackRock MuniVest Fund II

Several large investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. grew its holdings in BlackRock MuniVest Fund II by 3.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 39,207 shares of the financial services provider’s stock valued at $447,000 after buying an additional 1,182 shares in the last quarter. Avior Wealth Management LLC boosted its position in shares of BlackRock MuniVest Fund II by 17.8% during the 3rd quarter. Avior Wealth Management LLC now owns 11,184 shares of the financial services provider’s stock valued at $127,000 after acquiring an additional 1,689 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of BlackRock MuniVest Fund II by 2.7% in the fourth quarter. Concurrent Investment Advisors LLC now owns 77,100 shares of the financial services provider’s stock valued at $813,000 after purchasing an additional 2,000 shares in the last quarter. HighTower Advisors LLC increased its position in BlackRock MuniVest Fund II by 8.4% in the third quarter. HighTower Advisors LLC now owns 27,450 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 2,123 shares during the last quarter. Finally, Freestone Capital Holdings LLC raised its stake in BlackRock MuniVest Fund II by 13.0% during the fourth quarter. Freestone Capital Holdings LLC now owns 22,600 shares of the financial services provider’s stock valued at $238,000 after purchasing an additional 2,600 shares in the last quarter. 34.19% of the stock is owned by institutional investors.

BlackRock MuniVest Fund II Stock Performance

MVT traded up $0.07 during trading on Monday, hitting $11.04. 45,644 shares of the company traded hands, compared to its average volume of 42,371. The stock’s 50-day simple moving average is $10.73 and its two-hundred day simple moving average is $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 Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a dividend of $0.054 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.87%.

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.