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 large growth in short interest in the month of October. As of October 15th, there was short interest totalling 20,200 shares, a growth of 60.3% from the September 30th total of 12,600 shares. Based on an average daily volume of 46,900 shares, the days-to-cover ratio is currently 0.4 days.

BlackRock MuniVest Fund II Stock Performance

MVT traded up $0.05 during trading on Friday, hitting $11.01. The stock had a trading volume of 52,852 shares, compared to its average volume of 43,533. The company has a 50 day moving average price of $11.33 and a 200-day moving average price of $10.99. BlackRock MuniVest Fund II has a one year low of $8.96 and a one year high of $11.97.

BlackRock MuniVest Fund II Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.054 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.89%. This is an increase from BlackRock MuniVest Fund II's previous monthly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Trading of BlackRock MuniVest Fund II

A number of institutional investors have recently modified their holdings of the stock. Concurrent Investment Advisors LLC lifted its position in shares of BlackRock MuniVest Fund II by 1.3% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 78,100 shares of the financial services provider's stock valued at $863,000 after acquiring an additional 1,000 shares during the period. Bank of New York Mellon Corp lifted its position in shares of BlackRock MuniVest Fund II by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 59,106 shares of the financial services provider's stock worth $653,000 after buying an additional 1,279 shares during the last quarter. Blue Bell Private Wealth Management LLC bought a new stake in shares of BlackRock MuniVest Fund II during the 2nd quarter worth $27,000. EverSource Wealth Advisors LLC lifted its position in shares of BlackRock MuniVest Fund II by 204.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,333 shares of the financial services provider's stock worth $70,000 after buying an additional 4,250 shares during the last quarter. Finally, Wolverine Asset Management LLC lifted its position in shares of BlackRock MuniVest Fund II by 268.7% during the 2nd quarter. Wolverine Asset Management LLC now owns 6,637 shares of the financial services provider's stock worth $73,000 after buying an additional 4,837 shares during the last quarter. 34.19% of the stock is currently owned by institutional investors.

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.