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

BlackRock MuniVest Fund II, Inc. (NYSE:MVT) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 13,200 shares, an increase of 29.4% from the February 28th total of 10,200 shares. Based on an average daily volume of 59,700 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On BlackRock MuniVest Fund II

Several hedge funds and other institutional investors have recently bought and sold shares of MVT. Rockefeller Capital Management L.P. lifted its stake in shares of BlackRock MuniVest Fund II by 3.1% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 39,207 shares of the financial services provider’s stock valued at $447,000 after purchasing an additional 1,182 shares during the period. Avior Wealth Management LLC lifted its stake in BlackRock MuniVest Fund II by 15.9% in the fourth quarter. Avior Wealth Management LLC now owns 12,959 shares of the financial services provider’s stock valued at $137,000 after buying an additional 1,775 shares during the period. Concurrent Investment Advisors LLC lifted its stake in BlackRock MuniVest Fund II by 2.7% in the fourth quarter. Concurrent Investment Advisors LLC now owns 77,100 shares of the financial services provider’s stock valued at $813,000 after buying an additional 2,000 shares during the period. HighTower Advisors LLC boosted its holdings in shares of BlackRock MuniVest Fund II by 8.4% during the 3rd quarter. HighTower Advisors LLC now owns 27,450 shares of the financial services provider’s stock worth $307,000 after buying an additional 2,123 shares in the last quarter. Finally, Freestone Capital Holdings LLC grew its position in shares of BlackRock MuniVest Fund II by 13.0% during the 4th quarter. Freestone Capital Holdings LLC now owns 22,600 shares of the financial services provider’s stock worth $238,000 after buying an additional 2,600 shares during the period. Institutional investors and hedge funds own 34.19% of the company’s stock.

BlackRock MuniVest Fund II Price Performance

Shares of BlackRock MuniVest Fund II stock traded up $0.04 during midday trading on Monday, reaching $10.57. The company had a trading volume of 27,565 shares, compared to its average volume of 53,262. The stock has a fifty day moving average price of $10.76 and a 200 day moving average price of $10.93. BlackRock MuniVest Fund II has a fifty-two week low of $10.33 and a fifty-two week high of $11.97.

BlackRock MuniVest Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.054 per share. This represents a $0.65 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date of this dividend is Friday, March 14th.

BlackRock MuniVest Fund II Company Profile

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.