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

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 125,700 shares, a drop of 32.9% from the December 31st total of 187,400 shares. Based on an average daily volume of 86,500 shares, the short-interest ratio is presently 1.5 days.

Institutional Trading of BlackRock MuniHoldings Quality Fund II

A number of large investors have recently added to or reduced their stakes in MUE. Rivernorth Capital Management LLC lifted its position in shares of BlackRock MuniHoldings Quality Fund II by 1.4% in the third quarter. Rivernorth Capital Management LLC now owns 2,245,080 shares of the investment management company’s stock valued at $24,000,000 after buying an additional 30,224 shares during the last quarter. Pathstone Holdings LLC lifted its stake in shares of BlackRock MuniHoldings Quality Fund II by 21.2% during the 3rd quarter. Pathstone Holdings LLC now owns 474,531 shares of the investment management company’s stock worth $5,073,000 after buying an additional 83,012 shares during the last quarter. Advisors Asset Management Inc. grew its stake in BlackRock MuniHoldings Quality Fund II by 65.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 169,729 shares of the investment management company’s stock valued at $1,814,000 after buying an additional 67,052 shares during the last quarter. Whitebox Advisors LLC raised its holdings in BlackRock MuniHoldings Quality Fund II by 6.0% in the 3rd quarter. Whitebox Advisors LLC now owns 101,047 shares of the investment management company’s stock valued at $1,080,000 after acquiring an additional 5,757 shares during the period. Finally, Horizon Kinetics Asset Management LLC lifted its position in BlackRock MuniHoldings Quality Fund II by 1.8% during the third quarter. Horizon Kinetics Asset Management LLC now owns 61,530 shares of the investment management company’s stock worth $658,000 after acquiring an additional 1,100 shares during the last quarter.

BlackRock MuniHoldings Quality Fund II Stock Performance

BlackRock MuniHoldings Quality Fund II stock opened at $10.34 on Friday. The firm has a 50-day moving average of $10.35 and a 200-day moving average of $10.44. BlackRock MuniHoldings Quality Fund II has a one year low of $9.65 and a one year high of $10.95.

BlackRock MuniHoldings Quality Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be issued a dividend of $0.051 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.61 dividend on an annualized basis and a yield of 5.92%.

BlackRock MuniHoldings Quality Fund II Company Profile

BlackRock MuniHoldings 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 of the United States. It primarily invests in long-term, investment grade municipal obligations exempt from federal income taxes.