Short Interest in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) Drops By 50.0%
BlackRock MuniVest Fund II, Inc. (NYSE:MVT – Get Free Report) was the target of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 1,800 shares, a drop of 50.0% from the November 15th total of 3,600 shares. Based on an average daily volume of 65,100 shares, the days-to-cover ratio is currently 0.0 days.
BlackRock MuniVest Fund II Trading Up 0.4 %
BlackRock MuniVest Fund II stock traded up $0.04 during mid-day trading on Wednesday, hitting $10.63. 17,326 shares of the company’s stock traded hands, compared to its average volume of 50,400. The firm has a 50 day simple moving average of $9.77 and a two-hundred day simple moving average of $10.11. BlackRock MuniVest Fund II has a fifty-two week low of $8.96 and a fifty-two week high of $11.33.
BlackRock MuniVest Fund II Dividend Announcement
The company also recently disclosed a dividend, which will be paid on Thursday, February 1st. Shareholders of record on Friday, January 12th will be given a dividend of $0.0505 per share. This represents a yield of 5.7%. The ex-dividend date is Thursday, January 11th.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Melfa Wealth Management LLC increased its position in BlackRock MuniVest Fund II by 39.7% during the 2nd quarter. Melfa Wealth Management LLC now owns 56,575 shares of the financial services provider’s stock worth $601,000 after buying an additional 16,064 shares during the period. Guggenheim Capital LLC increased its position in BlackRock MuniVest Fund II by 20.2% during the 2nd quarter. Guggenheim Capital LLC now owns 455,110 shares of the financial services provider’s stock worth $4,838,000 after buying an additional 76,439 shares during the period. Robinson Capital Management LLC increased its position in BlackRock MuniVest Fund II by 9.4% during the 2nd quarter. Robinson Capital Management LLC now owns 405,448 shares of the financial services provider’s stock worth $4,310,000 after buying an additional 34,734 shares during the period. Fiera Capital Corp increased its position in shares of BlackRock MuniVest Fund II by 15.1% in the second quarter. Fiera Capital Corp now owns 328,717 shares of the financial services provider’s stock worth $3,494,000 after purchasing an additional 43,195 shares during the period. Finally, Vivaldi Capital Management LP increased its position in shares of BlackRock MuniVest Fund II by 48.6% in the second quarter. Vivaldi Capital Management LP now owns 240,232 shares of the financial services provider’s stock worth $2,554,000 after purchasing an additional 78,584 shares during the period. Institutional investors own 24.31% of the company’s stock.
About BlackRock MuniVest Fund II (Get Free Report)
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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Original: MarketBeat News Feed: Short Interest in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) Drops By 50.0%