BlackRock MuniVest Fund II, Inc. (NYSE:MVT) Short Interest Update

BlackRock MuniVest Fund II, Inc. (NYSE:MVT) was the target of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 3,035 shares, a drop of 65.1% from the January 29th total of 8,707 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 36,293 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 36,293 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

BlackRock MuniVest Fund II Trading Up 0.1%

MVT opened at $10.99 on Thursday. BlackRock MuniVest Fund II has a twelve month low of $9.71 and a twelve month high of $11.19. The firm’s fifty day moving average is $10.82 and its two-hundred day moving average is $10.69.

BlackRock MuniVest Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 6th will be issued a dividend of $0.054 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a c) annualized dividend and a dividend yield of 5.9%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Moors & Cabot Inc. boosted its holdings in shares of BlackRock MuniVest Fund II by 5.7% in the 2nd quarter. Moors & Cabot Inc. now owns 18,500 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 1,000 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in shares of BlackRock MuniVest Fund II by 1.0% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 96,592 shares of the financial services provider’s stock valued at $997,000 after buying an additional 1,002 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of 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 period. Invesco Ltd. lifted its stake in shares of BlackRock MuniVest Fund II by 7.4% in the second quarter. Invesco Ltd. now owns 211,188 shares of the financial services provider’s stock worth $2,179,000 after acquiring an additional 14,602 shares during the period. Finally, Thomas J. Herzfeld Advisors Inc. boosted its holdings in BlackRock MuniVest Fund II by 26.5% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 92,462 shares of the financial services provider’s stock valued at $954,000 after acquiring an additional 19,393 shares during the last quarter. 34.19% of the stock is owned by institutional investors.

BlackRock MuniVest Fund II Company Profile

BlackRock MuniVest Fund II (NYSE: MVT) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. Listed on the New York Stock Exchange, the fund primarily invests in a diversified portfolio of U.S. municipal obligations, including general obligation bonds, revenue bonds and variable rate instruments. As a municipally focused fund, it aims to capture tax-efficient yields while managing credit and duration risk.

The fund’s investment strategy emphasizes fundamental credit analysis and sector diversification across various issuers at the state, city and local levels.