BlackRock Municipal Income Trust II (NYSE:BLE) Short Interest Down 25.9% in December

BlackRock Municipal Income Trust II (NYSE:BLE) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 27,948 shares, a decline of 25.9% from the December 15th total of 37,742 shares. Based on an average daily trading volume, of 216,718 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 216,718 shares, the short-interest ratio is currently 0.1 days.

BlackRock Municipal Income Trust II Stock Performance

BlackRock Municipal Income Trust II stock remained flat at $10.58 during mid-day trading on Friday. 62,998 shares of the company’s stock were exchanged, compared to its average volume of 88,463. The business’s 50-day simple moving average is $10.42 and its 200-day simple moving average is $10.25. BlackRock Municipal Income Trust II has a 12 month low of $9.56 and a 12 month high of $10.87.

Hedge Funds Weigh In On BlackRock Municipal Income Trust II

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Melfa Wealth Management Inc. increased its position in shares of BlackRock Municipal Income Trust II by 10.6% in the fourth quarter. Melfa Wealth Management Inc. now owns 101,621 shares of the company’s stock valued at $1,061,000 after buying an additional 9,750 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in BlackRock Municipal Income Trust II by 547.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 261,482 shares of the company’s stock valued at $2,730,000 after acquiring an additional 221,115 shares during the last quarter. Dakota Wealth Management increased its holdings in BlackRock Municipal Income Trust II by 4.7% during the 4th quarter. Dakota Wealth Management now owns 82,483 shares of the company’s stock valued at $861,000 after acquiring an additional 3,700 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. increased its holdings in BlackRock Municipal Income Trust II by 138.3% during the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 31,466 shares of the company’s stock valued at $329,000 after acquiring an additional 18,261 shares in the last quarter. Finally, Westview Management dba Westview Investment Advisors acquired a new position in BlackRock Municipal Income Trust II during the fourth quarter worth about $208,000.

BlackRock Municipal Income Trust II Company Profile

BlackRock Municipal Income Trust II (NYSE:BLE) is a closed-end, diversified management investment company that seeks to offer shareholders a high level of current income exempt from federal income taxes. The fund pursues this objective by investing primarily in a portfolio of municipal debt obligations. Its holdings span various sectors of the municipal market, including general obligation bonds, revenue bonds, and other tax-exempt instruments issued by U.S. states, cities, counties and municipal authorities.

The fund’s portfolio typically combines investment-grade and below-investment-grade (high-yield) municipal securities, allowing it to balance income potential with credit quality considerations.