Short Interest in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) Declines By 21.6%

BlackRock MuniVest Fund II, Inc. (NYSE:MVT) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 18,500 shares, a drop of 21.6% from the August 15th total of 23,600 shares. Based on an average trading volume of 56,500 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 56,500 shares, the days-to-cover ratio is presently 0.3 days.

BlackRock MuniVest Fund II Stock Performance

MVT opened at $10.80 on Thursday. The stock’s 50 day simple moving average is $10.24 and its 200 day simple moving average is $10.27. BlackRock MuniVest Fund II has a 1 year low of $9.71 and a 1 year high of $11.50.

BlackRock MuniVest Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a dividend of $0.054 per share. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date is Monday, September 15th.

Hedge Funds Weigh In On BlackRock MuniVest Fund II

Several institutional investors and hedge funds have recently bought and sold shares of MVT. Moors & Cabot Inc. lifted its holdings in BlackRock MuniVest Fund II by 5.7% in the 2nd quarter. Moors & Cabot Inc. now owns 18,500 shares of the financial services provider’s stock worth $191,000 after buying an additional 1,000 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in BlackRock MuniVest Fund II by 1.0% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 96,592 shares of the financial services provider’s stock worth $997,000 after buying an additional 1,002 shares during the period. Avior Wealth Management LLC lifted its holdings in BlackRock MuniVest Fund II by 8.5% in the 1st quarter. Avior Wealth Management LLC now owns 14,056 shares of the financial services provider’s stock worth $149,000 after buying an additional 1,097 shares during the period. Landscape Capital Management L.L.C. lifted its holdings in BlackRock MuniVest Fund II by 12.0% in the 1st quarter. Landscape Capital Management L.L.C. now owns 12,655 shares of the financial services provider’s stock worth $134,000 after buying an additional 1,360 shares during the period. Finally, Riverbridge Partners LLC lifted its holdings in BlackRock MuniVest Fund II by 5.3% in the 2nd quarter. Riverbridge Partners LLC now owns 36,931 shares of the financial services provider’s stock worth $381,000 after buying an additional 1,851 shares during the period. 34.19% of the stock is currently owned by institutional investors.

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.