BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) Short Interest Down 25.7% in August

BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 10,400 shares, a drop of 25.7% from the August 15th total of 14,000 shares. Based on an average daily volume of 43,800 shares, the days-to-cover ratio is currently 0.2 days.

BlackRock MuniYield Quality Fund II Price Performance

Shares of NYSE MQT traded down $0.01 during trading on Monday, hitting $10.88. 30,362 shares of the company traded hands, compared to its average volume of 48,474. The business’s fifty day moving average is $10.53 and its 200 day moving average is $10.29. BlackRock MuniYield Quality Fund II has a fifty-two week low of $8.59 and a fifty-two week high of $10.95.

BlackRock MuniYield Quality Fund II Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.051 per share. This is an increase from BlackRock MuniYield Quality Fund II’s previous dividend of $0.05. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund II

Several hedge funds and other institutional investors have recently modified their holdings of MQT. Raymond James & Associates lifted its stake in shares of BlackRock MuniYield Quality Fund II by 1.7% in the second quarter. Raymond James & Associates now owns 243,612 shares of the investment management company’s stock valued at $2,507,000 after buying an additional 4,095 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of BlackRock MuniYield Quality Fund II by 3.7% during the 1st quarter. Van ECK Associates Corp now owns 171,670 shares of the investment management company’s stock valued at $1,804,000 after acquiring an additional 6,131 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in BlackRock MuniYield Quality Fund II by 28.3% in the 1st quarter. Concurrent Investment Advisors LLC now owns 34,684 shares of the investment management company’s stock worth $365,000 after buying an additional 7,647 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of BlackRock MuniYield Quality Fund II in the 4th quarter worth $108,000. Finally, Wolverine Asset Management LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund II during the 2nd quarter valued at $159,000. Institutional investors own 30.75% of the company’s stock.

About BlackRock MuniYield Quality Fund II

BlackRock MuniYield Quality 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 primarily invests in municipal debt bonds exempt from federal income taxes. BlackRock MuniYield Quality Fund II, Inc was formed in September 21, 1992 and is domiciled in United States.