Short Interest in BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) Expands By 19.9%

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 7,687 shares, an increase of 19.9% from the January 15th total of 6,409 shares. Based on an average trading volume of 59,097 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 59,097 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of BlackRock MuniHoldings Quality Fund II

Hedge funds have recently bought and sold shares of the company. Rivernorth Capital Management LLC increased its stake in shares of BlackRock MuniHoldings Quality Fund II by 0.9% in the fourth quarter. Rivernorth Capital Management LLC now owns 2,170,922 shares of the investment management company’s stock valued at $21,774,000 after purchasing an additional 19,293 shares during the period. Scarborough Advisors LLC boosted its position in BlackRock MuniHoldings Quality Fund II by 77.9% during the 4th quarter. Scarborough Advisors LLC now owns 7,193 shares of the investment management company’s stock worth $72,000 after acquiring an additional 3,150 shares during the period. Cetera Investment Advisers bought a new stake in shares of BlackRock MuniHoldings Quality Fund II during the fourth quarter valued at about $130,000. Kestra Advisory Services LLC bought a new stake in shares of BlackRock MuniHoldings Quality Fund II during the fourth quarter valued at about $38,000. Finally, Van ECK Associates Corp lifted its holdings in BlackRock MuniHoldings Quality Fund II by 14.6% in the fourth quarter. Van ECK Associates Corp now owns 182,206 shares of the investment management company’s stock worth $1,828,000 after purchasing an additional 23,144 shares during the period.

BlackRock MuniHoldings Quality Fund II Stock Down 0.7%

Shares of BlackRock MuniHoldings Quality Fund II stock traded down $0.07 on Wednesday, reaching $10.07. 44,662 shares of the company were exchanged, compared to its average volume of 51,330. BlackRock MuniHoldings Quality Fund II has a 1-year low of $9.26 and a 1-year high of $10.48. The company’s 50-day moving average is $10.04 and its two-hundred day moving average is $9.94.

BlackRock MuniHoldings Quality Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 6th will be issued a dividend of $0.051 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a c) annualized dividend and a dividend yield of 6.1%.

About BlackRock MuniHoldings Quality Fund II

BlackRock MuniHoldings Quality Fund II (NYSE:MUE) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal income taxes. The fund pursues its objective by investing primarily in a diversified portfolio of investment-grade municipal securities, including general obligation bonds, revenue bonds and insured or prerefunded issues. By focusing on quality issuers, the fund aims to balance income generation with a degree of credit preservation within the tax-free municipal bond market.

The fund’s portfolio typically comprises securities issued by state and local governments across the United States, enabling exposure to a broad range of tax-exempt muni credits.