BlackRock MuniVest Fund II, Inc. (NYSE:MVT) Short Interest Down 21.6% in August

Key Points

• Short interest in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) declined by 21.6% in August, dropping from 23,600 shares to 18,500 shares.
• The company declared a monthly dividend of $0.054 per share, representing an annualized yield of 6.0%, payable on October 1st.
• Institutional ownership among various hedge funds has increased, with notable lifts in holdings from Moors & Cabot Inc. and Rockefeller Capital Management L.P.

BlackRock MuniVest Fund II, Inc. (NYSE:MVT - Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 18,500 shares, a decline of 21.6% from the August 15th total of 23,600 shares. Based on an average daily volume of 56,500 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 56,500 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On BlackRock MuniVest Fund II

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. acquired a new position in shares of BlackRock MuniVest Fund II during the 1st quarter worth $1,597,000. Ameriprise Financial Inc. raised its position in shares of BlackRock MuniVest Fund II by 5.8% during the 4th quarter. Ameriprise Financial Inc. now owns 93,638 shares of the financial services provider's stock valued at $988,000 after acquiring an additional 5,159 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in BlackRock MuniVest Fund II in the fourth quarter worth $309,000. Atala Financial Inc grew its stake in shares of BlackRock MuniVest Fund II by 5.4% in the first quarter. Atala Financial Inc now owns 73,655 shares of the financial services provider's stock worth $779,000 after purchasing an additional 3,755 shares in the last quarter. Finally, Dakota Wealth Management boosted its stake in BlackRock MuniVest Fund II by 108.3% during the first quarter. Dakota Wealth Management now owns 25,000 shares of the financial services provider's stock valued at $264,000 after buying an additional 13,000 shares in the last quarter. 34.19% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniVest Fund II Trading Down 0.3%

Shares of MVT traded down $0.03 during mid-day trading on Friday, reaching $10.84. The stock had a trading volume of 35,253 shares, compared to its average volume of 77,798. BlackRock MuniVest Fund II has a 52-week low of $9.71 and a 52-week high of $11.50. The business's fifty day moving average is $10.27 and its 200 day moving average is $10.27.

BlackRock MuniVest Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued a dividend of $0.054 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.0%.

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.