Short Interest in BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) Drops By 23.5%

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 60,700 shares, a decrease of 23.5% from the February 28th total of 79,300 shares. Based on an average daily volume of 65,500 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On BlackRock MuniHoldings Quality Fund II

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Rivernorth Capital Management LLC grew its stake in shares of BlackRock MuniHoldings Quality Fund II by 1.4% during the 3rd 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 period. Guggenheim Capital LLC boosted its holdings in BlackRock MuniHoldings Quality Fund II by 18.1% in the fourth quarter. Guggenheim Capital LLC now owns 507,340 shares of the investment management company’s stock valued at $5,073,000 after acquiring an additional 77,765 shares during the last quarter. Invesco Ltd. grew its position in BlackRock MuniHoldings Quality Fund II by 86.7% during the fourth quarter. Invesco Ltd. now owns 126,793 shares of the investment management company’s stock valued at $1,268,000 after acquiring an additional 58,864 shares during the period. Raymond James Financial Inc. acquired a new stake in BlackRock MuniHoldings Quality Fund II during the fourth quarter worth about $1,181,000. Finally, LPL Financial LLC raised its holdings in shares of BlackRock MuniHoldings Quality Fund II by 69.0% in the 4th quarter. LPL Financial LLC now owns 114,271 shares of the investment management company’s stock worth $1,143,000 after purchasing an additional 46,663 shares during the period.

BlackRock MuniHoldings Quality Fund II Stock Up 0.9 %

NYSE:MUE traded up $0.09 during mid-day trading on Tuesday, reaching $10.09. The company’s stock had a trading volume of 16,440 shares, compared to its average volume of 60,420. The company’s fifty day simple moving average is $10.24 and its two-hundred day simple moving average is $10.39. BlackRock MuniHoldings Quality Fund II has a twelve month low of $9.65 and a twelve month high of $10.95.

BlackRock MuniHoldings Quality Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.051 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.61 dividend on an annualized basis and a yield of 6.07%.

About BlackRock MuniHoldings Quality Fund II

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.