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

BlackRock MuniVest Fund II, Inc. (NYSE:MVT) was the target of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 5,900 shares, a decrease of 71.2% from the January 15th total of 20,500 shares. Based on an average daily trading volume, of 84,800 shares, the short-interest ratio is presently 0.1 days.

BlackRock MuniVest Fund II Price Performance

Shares of MVT traded down $0.13 during mid-day trading on Wednesday, hitting $10.75. The company had a trading volume of 55,884 shares, compared to its average volume of 48,601. BlackRock MuniVest Fund II has a 1-year low of $10.33 and a 1-year high of $11.97. The business’s 50-day simple moving average is $10.74 and its 200-day simple moving average is $11.04.

BlackRock MuniVest Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of $0.054 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.65 dividend on an annualized basis and a yield of 6.03%.

Hedge Funds Weigh In On BlackRock MuniVest Fund II

A number of hedge funds have recently made changes to their positions in MVT. Wolverine Asset Management LLC raised its stake in shares of BlackRock MuniVest Fund II by 573.8% during the fourth quarter. Wolverine Asset Management LLC now owns 11,063 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 9,421 shares during the period. Avior Wealth Management LLC increased its stake in BlackRock MuniVest Fund II by 17.8% during the 3rd quarter. Avior Wealth Management LLC now owns 11,184 shares of the financial services provider’s stock worth $127,000 after buying an additional 1,689 shares during the period. Benjamin Edwards Inc. acquired a new position in BlackRock MuniVest Fund II in the 3rd quarter worth $153,000. Freestone Capital Holdings LLC lifted its holdings in BlackRock MuniVest Fund II by 13.0% in 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 in the last quarter. Finally, Hollencrest Capital Management purchased a new position in BlackRock MuniVest Fund II in the 4th quarter valued at about $263,000. Hedge funds and other institutional investors own 34.19% of the company’s stock.

About BlackRock MuniVest Fund II

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.