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

BlackRock MuniVest Fund II, Inc. (NYSE:MVT - Get Free Report) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 7,400 shares, a decrease of 28.2% from the November 30th total of 10,300 shares. Based on an average daily volume of 76,300 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On BlackRock MuniVest Fund II

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its stake in BlackRock MuniVest Fund II by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 59,106 shares of the financial services provider's stock valued at $653,000 after acquiring an additional 1,279 shares in the last quarter. Concurrent Investment Advisors LLC grew its stake in 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 worth $863,000 after buying an additional 1,000 shares during the last quarter. Van ECK Associates Corp increased its position in BlackRock MuniVest Fund II by 4.0% during the 2nd quarter. Van ECK Associates Corp now owns 171,465 shares of the financial services provider's stock valued at $1,895,000 after buying an additional 6,533 shares in the last quarter. Wolverine Asset Management LLC raised its stake in BlackRock MuniVest Fund II by 268.7% in the second quarter. Wolverine Asset Management LLC now owns 6,637 shares of the financial services provider's stock valued at $73,000 after buying an additional 4,837 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC acquired a new stake in BlackRock MuniVest Fund II in the second quarter worth about $27,000. Hedge funds and other institutional investors own 34.19% of the company's stock.

BlackRock MuniVest Fund II Stock Down 0.2 %

BlackRock MuniVest Fund II stock traded down $0.02 during mid-day trading on Friday, reaching $10.43. 160,647 shares of the company were exchanged, compared to its average volume of 52,862. BlackRock MuniVest Fund II has a 12-month low of $10.33 and a 12-month high of $11.97. The business has a fifty day moving average of $10.94 and a 200 day moving average of $11.09.

BlackRock MuniVest Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.054 per share. This represents a $0.65 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date is Monday, December 16th.

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.