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

BlackRock MuniVest Fund II, Inc. (NYSE:MVT - Get Free Report) was the target of a significant drop in short interest in November. As of November 30th, there was short interest totalling 10,300 shares, a drop of 31.3% from the November 15th total of 15,000 shares. Based on an average trading volume of 70,100 shares, the short-interest ratio is presently 0.1 days.

BlackRock MuniVest Fund II Stock Down 0.9 %

Shares of NYSE:MVT traded down $0.10 during mid-day trading on Friday, hitting $10.89. The stock had a trading volume of 53,001 shares, compared to its average volume of 49,705. The company's 50 day moving average is $11.10 and its 200-day moving average is $11.09. BlackRock MuniVest Fund II has a 12-month low of $10.33 and a 12-month high of $11.97.

BlackRock MuniVest Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a $0.054 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.65 annualized dividend and a dividend yield of 5.95%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Rivernorth Capital Management LLC lifted its position in BlackRock MuniVest Fund II by 1.7% in the 3rd quarter. Rivernorth Capital Management LLC now owns 2,213,642 shares of the financial services provider's stock worth $25,213,000 after buying an additional 37,419 shares in the last quarter. Pathstone Holdings LLC raised its holdings in shares of BlackRock MuniVest Fund II by 20.8% during the third quarter. Pathstone Holdings LLC now owns 520,807 shares of the financial services provider's stock worth $5,932,000 after acquiring an additional 89,537 shares in the last quarter. Van ECK Associates Corp boosted its position in BlackRock MuniVest Fund II by 4.0% during the second quarter. Van ECK Associates Corp now owns 171,465 shares of the financial services provider's stock valued at $1,895,000 after purchasing an additional 6,533 shares during the last quarter. Advisors Asset Management Inc. boosted its position in BlackRock MuniVest Fund II by 65.3% during the third quarter. Advisors Asset Management Inc. now owns 159,206 shares of the financial services provider's stock valued at $1,813,000 after purchasing an additional 62,895 shares during the last quarter. Finally, Ackerman Capital Advisors LLC grew its stake in BlackRock MuniVest Fund II by 5.1% in the second quarter. Ackerman Capital Advisors LLC now owns 136,499 shares of the financial services provider's stock valued at $1,508,000 after purchasing an additional 6,646 shares in the last quarter. Hedge funds and other institutional investors own 34.19% of the company's stock.

BlackRock MuniVest Fund II Company Profile

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.

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