BlackRock MuniVest Fund II, Inc. (NYSE:MVT - Get Free Report) was the target of a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 6,800 shares, a decline of 72.9% from the May 15th total of 25,100 shares. Based on an average daily volume of 61,500 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.
Institutional Trading of BlackRock MuniVest Fund II
Hedge funds and other institutional investors have recently bought and sold shares of the business. Wolverine Asset Management LLC grew its position in shares of 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 worth $117,000 after purchasing an additional 9,421 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in BlackRock MuniVest Fund II during the fourth quarter worth approximately $119,000. Avior Wealth Management LLC increased its stake in BlackRock MuniVest Fund II by 8.5% during the 1st quarter. Avior Wealth Management LLC now owns 14,056 shares of the financial services provider's stock worth $149,000 after acquiring an additional 1,097 shares during the period. Plancorp LLC acquired a new position in BlackRock MuniVest Fund II in the 1st quarter valued at $211,000. Finally, Freestone Capital Holdings LLC raised its holdings 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 acquiring an additional 2,600 shares in the last quarter. Institutional investors and hedge funds own 34.19% of the company's stock.
BlackRock MuniVest Fund II Stock Performance
NYSE MVT traded down $0.11 on Friday, reaching $10.12. The stock had a trading volume of 41,011 shares, compared to its average volume of 58,125. The firm has a fifty day moving average of $10.14 and a two-hundred day moving average of $10.55. BlackRock MuniVest Fund II has a 1-year low of $9.71 and a 1-year high of $11.97.
BlackRock MuniVest Fund II Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a dividend of $0.054 per share. This represents a $0.65 dividend on an annualized basis and a yield of 6.40%. The ex-dividend date is Friday, June 13th.
BlackRock MuniVest Fund II Company Profile
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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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