BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) Short Interest Down 20.4% in April

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 54,600 shares, a decline of 20.4% from the March 31st total of 68,600 shares. Based on an average daily volume of 60,000 shares, the short-interest ratio is presently 0.9 days.

BlackRock MuniHoldings Quality Fund II Stock Performance

NYSE:MUE opened at $9.74 on Friday. The company has a fifty day simple moving average of $9.91 and a two-hundred day simple moving average of $10.22. BlackRock MuniHoldings Quality Fund II has a 52 week low of $9.26 and a 52 week high of $10.95.

BlackRock MuniHoldings Quality Fund II Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, May 1st. Investors of record on Tuesday, April 15th were issued a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 6.29%. The ex-dividend date of this dividend was Tuesday, April 15th.

Hedge Funds Weigh In On BlackRock MuniHoldings Quality Fund II

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hennion & Walsh Asset Management Inc. grew its stake in shares of BlackRock MuniHoldings Quality Fund II by 569.8% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 186,328 shares of the investment management company’s stock valued at $1,863,000 after purchasing an additional 158,508 shares during the last quarter. Raymond James Financial Inc. purchased a new position in BlackRock MuniHoldings Quality Fund II during the 4th quarter worth $1,181,000. Atala Financial Inc purchased a new position in BlackRock MuniHoldings Quality Fund II during the 4th quarter worth $800,000. Guggenheim Capital LLC raised its position in BlackRock MuniHoldings Quality Fund II by 18.1% during the 4th quarter. Guggenheim Capital LLC now owns 507,340 shares of the investment management company’s stock worth $5,073,000 after buying an additional 77,765 shares during the last quarter. Finally, Invesco Ltd. raised its holdings 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 worth $1,268,000 after purchasing an additional 58,864 shares in the last quarter.

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.