BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) Sees Large Growth in Short Interest

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 32,536 shares, an increase of 157.8% from the December 15th total of 12,619 shares. Based on an average daily trading volume, of 134,306 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 134,306 shares, the days-to-cover ratio is currently 0.2 days.

BlackRock MuniHoldings Quality Fund II Price Performance

Shares of NYSE MUE opened at $10.14 on Wednesday. BlackRock MuniHoldings Quality Fund II has a 1-year low of $9.26 and a 1-year high of $10.48. The stock has a fifty day simple moving average of $10.01 and a two-hundred day simple moving average of $9.83.

BlackRock MuniHoldings Quality Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 6th will be issued a dividend of $0.051 per share. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Friday, February 6th.

Institutional Investors Weigh In On BlackRock MuniHoldings Quality Fund II

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Riverbridge Partners LLC lifted its position in BlackRock MuniHoldings Quality Fund II by 3.5% during the third quarter. Riverbridge Partners LLC now owns 47,499 shares of the investment management company’s stock valued at $478,000 after purchasing an additional 1,612 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in BlackRock MuniHoldings Quality Fund II by 8.3% during the second quarter. Rockefeller Capital Management L.P. now owns 37,570 shares of the investment management company’s stock valued at $360,000 after acquiring an additional 2,890 shares during the last quarter. Hilltop National Bank bought a new position in shares of BlackRock MuniHoldings Quality Fund II during the 2nd quarter valued at $32,000. Advisory Services Network LLC bought a new position in shares of BlackRock MuniHoldings Quality Fund II during the third quarter valued at about $36,000. Finally, Wolverine Asset Management LLC increased its stake in BlackRock MuniHoldings Quality Fund II by 87.2% in the 2nd quarter. Wolverine Asset Management LLC now owns 8,268 shares of the investment management company’s stock worth $79,000 after purchasing an additional 3,851 shares during the period.

BlackRock MuniHoldings Quality Fund II Company Profile

BlackRock MuniHoldings Quality Fund II (NYSE:MUE) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal income taxes. The fund pursues its objective by investing primarily in a diversified portfolio of investment-grade municipal securities, including general obligation bonds, revenue bonds and insured or prerefunded issues. By focusing on quality issuers, the fund aims to balance income generation with a degree of credit preservation within the tax-free municipal bond market.

The fund’s portfolio typically comprises securities issued by state and local governments across the United States, enabling exposure to a broad range of tax-exempt muni credits.