BlackRock MuniVest Fund II, Inc. (NYSE:MVT - Get Free Report) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 11,500 shares, an increase of 40.2% from the March 31st total of 8,200 shares. Based on an average trading volume of 51,800 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.
Institutional Investors Weigh In On BlackRock MuniVest Fund II
Hedge funds have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC boosted its stake in BlackRock MuniVest Fund II by 573.8% in the 4th quarter. Wolverine Asset Management LLC now owns 11,063 shares of the financial services provider's stock valued at $117,000 after purchasing an additional 9,421 shares during the period. Landscape Capital Management L.L.C. bought a new stake in shares of BlackRock MuniVest Fund II during the 4th quarter worth approximately $119,000. Avior Wealth Management LLC lifted its stake in 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 worth $137,000 after purchasing an additional 1,775 shares during the last quarter. Freestone Capital Holdings LLC increased its stake in shares of 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 purchasing an additional 2,600 shares during the last quarter. Finally, Hollencrest Capital Management acquired a new position in shares of BlackRock MuniVest Fund II during the 4th quarter worth $263,000. Institutional investors and hedge funds own 34.19% of the company's stock.
BlackRock MuniVest Fund II Trading Up 0.3 %
NYSE:MVT traded up $0.03 during mid-day trading on Friday, hitting $10.33. The stock had a trading volume of 56,219 shares, compared to its average volume of 56,441. BlackRock MuniVest Fund II has a twelve month low of $9.71 and a twelve month high of $11.97. The company's 50 day simple moving average is $10.42 and its 200 day simple moving average is $10.71.
BlackRock MuniVest Fund II Announces Dividend
The firm also recently announced a monthly dividend, which was paid on Thursday, May 1st. Investors of record on Tuesday, April 15th were issued a dividend of $0.054 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.27%. The ex-dividend date was Tuesday, April 15th.
About BlackRock MuniVest Fund II
(
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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.
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