BlackRock MuniVest Fund II, Inc. (NYSE:MVT - Get Free Report) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 11,500 shares, a growth of 40.2% from the March 31st total of 8,200 shares. Based on an average daily 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.
Hedge Funds Weigh In On BlackRock MuniVest Fund II
Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of BlackRock MuniVest Fund II in the 4th quarter valued at $409,000. Horizon Kinetics Asset Management LLC purchased a new stake in BlackRock MuniVest Fund II during the fourth quarter worth about $506,000. Hollencrest Capital Management acquired a new stake in BlackRock MuniVest Fund II in the 4th quarter valued at about $263,000. Atala Financial Inc purchased a new position in shares of BlackRock MuniVest Fund II in the 4th quarter valued at about $737,000. Finally, Avior Wealth Management LLC grew its position 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 worth $137,000 after buying an additional 1,775 shares in the last quarter. Hedge funds and other institutional investors own 34.19% of the company's stock.
BlackRock MuniVest Fund II Stock Performance
NYSE MVT traded up $0.05 during trading hours on Tuesday, reaching $10.34. The company's stock had a trading volume of 50,591 shares, compared to its average volume of 56,409. The company's 50-day moving average is $10.41 and its two-hundred day moving average is $10.70. BlackRock MuniVest Fund II has a 1-year low of $9.71 and a 1-year high of $11.97.
BlackRock MuniVest Fund II Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be paid a $0.054 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date is Thursday, May 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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