Short Interest in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) Expands By 200.0%

Key Points

• Short interest in BlackRock MuniVest Fund II (NYSE:MVT) increased by 200.0% in September, reaching a total of 15,000 shares as of September 30th.
• The fund declared a monthly dividend of $0.054 per share, which will be paid on November 3rd to stockholders of record on October 15th, reflecting a 6.0% dividend yield.
• Institutional investors have significantly increased their holdings in the fund, with Gridiron Partners LLC boosting its position by 9,221.4% in the third quarter.

BlackRock MuniVest Fund II, Inc. (NYSE:MVT - ) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 15,000 shares, a growth of 200.0% from the September 15th total of 5,000 shares. Based on an average trading volume of 58,200 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 58,200 shares, the days-to-cover ratio is currently 0.3 days.

BlackRock MuniVest Fund II Price Performance

Shares of MVT stock traded down $0.08 during trading hours on Friday, reaching $10.78. 20,718 shares of the company's stock were exchanged, compared to its average volume of 62,095. BlackRock MuniVest Fund II has a 1 year low of $9.71 and a 1 year high of $11.36. The stock's fifty day moving average price is $10.53 and its two-hundred day moving average price is $10.28.

BlackRock MuniVest Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Wednesday, October 15th will be paid a dividend of $0.054 per share. The ex-dividend date is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%.

Institutional Investors Weigh In On BlackRock MuniVest Fund II

A number of large investors have recently bought and sold shares of the company. Gridiron Partners LLC boosted its position in BlackRock MuniVest Fund II by 9,221.4% in the third quarter. Gridiron Partners LLC now owns 2,244,314 shares of the financial services provider's stock valued at $256,000 after buying an additional 2,220,237 shares during the last quarter. Advisors Asset Management Inc. boosted its position in BlackRock MuniVest Fund II by 28.5% in the second quarter. Advisors Asset Management Inc. now owns 446,113 shares of the financial services provider's stock valued at $4,604,000 after buying an additional 98,890 shares during the last quarter. Karpus Management Inc. boosted its position in BlackRock MuniVest Fund II by 19.5% in the second quarter. Karpus Management Inc. now owns 398,165 shares of the financial services provider's stock valued at $4,109,000 after buying an additional 65,037 shares during the last quarter. Sit Investment Associates Inc. boosted its position in BlackRock MuniVest Fund II by 6.3% in the first quarter. Sit Investment Associates Inc. now owns 332,205 shares of the financial services provider's stock valued at $3,511,000 after buying an additional 19,692 shares during the last quarter. Finally, Invesco Ltd. boosted its position in BlackRock MuniVest Fund II by 7.4% in the 2nd quarter. Invesco Ltd. now owns 211,188 shares of the financial services provider's stock worth $2,179,000 after purchasing an additional 14,602 shares in the last quarter. Hedge funds and other institutional investors 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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