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

BlackRock MuniVest Fund II, Inc. (NYSE:MVT - Get Free Report) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totalling 5,100 shares, a drop of 40.0% from the March 31st total of 8,500 shares. Based on an average daily trading volume, of 45,100 shares, the days-to-cover ratio is presently 0.1 days.

BlackRock MuniVest Fund II Trading Up 0.2 %

MVT stock traded up $0.02 during midday trading on Friday, reaching $10.38. The stock had a trading volume of 32,319 shares, compared to its average volume of 44,949. BlackRock MuniVest Fund II has a 52-week low of $8.96 and a 52-week high of $11.17. The company's fifty day simple moving average is $10.74 and its 200 day simple moving average is $10.45.

BlackRock MuniVest Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a dividend of $0.0505 per share. This represents a $0.61 annualized dividend and a dividend yield of 5.84%. The ex-dividend date of this dividend is Friday, April 12th.

Hedge Funds Weigh In On BlackRock MuniVest Fund II

A number of institutional investors have recently added to or reduced their stakes in the stock. Kovack Advisors Inc. raised its stake in BlackRock MuniVest Fund II by 6.6% during the fourth quarter. Kovack Advisors Inc. now owns 24,324 shares of the financial services provider's stock worth $262,000 after purchasing an additional 1,516 shares during the period. Landscape Capital Management L.L.C. raised its position in shares of BlackRock MuniVest Fund II by 20.1% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 16,238 shares of the financial services provider's stock valued at $151,000 after buying an additional 2,718 shares during the period. Avior Wealth Management LLC acquired a new position in BlackRock MuniVest Fund II in the third quarter valued at approximately $27,000. Wolverine Asset Management LLC purchased a new position in BlackRock MuniVest Fund II in the third quarter worth approximately $31,000. Finally, RPO LLC grew its position in BlackRock MuniVest Fund II by 2.9% in the fourth quarter. RPO LLC now owns 147,482 shares of the financial services provider's stock worth $1,588,000 after acquiring an additional 4,197 shares during the period. Hedge funds and other institutional investors own 34.19% of the company's stock.

BlackRock MuniVest Fund II Company Profile

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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