BlackRock MuniVest Fund II, Inc. (NYSE:MVT) Sees Large Growth in Short Interest

BlackRock MuniVest Fund II, Inc. (NYSE:MVT - Get Free Report) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 13,200 shares, an increase of 29.4% from the February 28th total of 10,200 shares. Based on an average daily volume of 59,700 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company's shares are short sold.

BlackRock MuniVest Fund II Stock Performance

MVT stock traded down $0.14 during midday trading on Friday, hitting $10.52. 48,799 shares of the company's stock were exchanged, compared to its average volume of 52,885. The stock's fifty day moving average price is $10.76 and its 200-day moving average price is $10.92. BlackRock MuniVest Fund II has a one year low of $10.33 and a one year high of $11.97.

BlackRock MuniVest Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a $0.054 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.16%. The ex-dividend date of this dividend is Tuesday, April 15th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MVT. Horizon Kinetics Asset Management LLC acquired a new stake in shares of BlackRock MuniVest Fund II during the fourth quarter worth $506,000. Avior Wealth Management LLC boosted its stake in shares of BlackRock MuniVest Fund II by 15.9% during the fourth quarter. Avior Wealth Management LLC now owns 12,959 shares of the financial services provider's stock valued at $137,000 after purchasing an additional 1,775 shares in the last quarter. Hollencrest Capital Management acquired a new position in BlackRock MuniVest Fund II in the 4th quarter valued at approximately $263,000. Atala Financial Inc acquired a new stake in shares of BlackRock MuniVest Fund II in the fourth quarter valued at about $737,000. Finally, HighTower Advisors LLC lifted its position in shares of BlackRock MuniVest Fund II by 8.4% in the 3rd quarter. HighTower Advisors LLC now owns 27,450 shares of the financial services provider's stock worth $307,000 after purchasing an additional 2,123 shares during the period. 34.19% of the stock is owned by institutional investors and hedge funds.

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.