BlackRock MuniVest Fund II, Inc. (NYSE:MVT) Sees Significant Increase in Short Interest

BlackRock MuniVest Fund II, Inc. (NYSE:MVT - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 244,100 shares, a growth of 5,324.4% from the March 15th total of 4,500 shares. Based on an average daily volume of 231,100 shares, the short-interest ratio is currently 1.1 days.

BlackRock MuniVest Fund II Stock Down 1.3 %

BlackRock MuniVest Fund II stock traded down $0.14 during trading on Wednesday, hitting $10.58. The company had a trading volume of 66,169 shares, compared to its average volume of 48,530. BlackRock MuniVest Fund II has a 1-year low of $8.96 and a 1-year high of $11.17. The company's 50 day simple moving average is $10.82 and its 200-day simple moving average is $10.36.

BlackRock MuniVest Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be paid a $0.0505 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.61 annualized dividend and a dividend yield of 5.73%.

Hedge Funds Weigh In On BlackRock MuniVest Fund II

Several institutional investors have recently modified their holdings of the business. Kovack Advisors Inc. grew its stake in shares of BlackRock MuniVest Fund II by 6.6% in the fourth quarter. Kovack Advisors Inc. now owns 24,324 shares of the financial services provider's stock worth $262,000 after acquiring an additional 1,516 shares in the last quarter. LPL Financial LLC grew its stake in shares of BlackRock MuniVest Fund II by 9.9% during the fourth quarter. LPL Financial LLC now owns 19,872 shares of the financial services provider's stock worth $208,000 after purchasing an additional 1,782 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of BlackRock MuniVest Fund II by 19.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 14,081 shares of the financial services provider's stock worth $182,000 after purchasing an additional 2,283 shares in the last quarter. Landscape Capital Management L.L.C. grew its stake in shares of BlackRock MuniVest Fund II by 20.1% during the third quarter. Landscape Capital Management L.L.C. now owns 16,238 shares of the financial services provider's stock worth $151,000 after purchasing an additional 2,718 shares in the last quarter. Finally, Avior Wealth Management LLC acquired a new position in shares of BlackRock MuniVest Fund II during the third quarter worth $27,000. Institutional investors and hedge funds own 34.19% of the company's stock.

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.

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