BlackRock MuniVest Fund II, Inc. (NYSE:MVT) Short Interest Up 1,227.0% in September

BlackRock MuniVest Fund II, Inc. (NYSE:MVT) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 49,100 shares, an increase of 1,227.0% from the August 31st total of 3,700 shares. Based on an average trading volume of 41,500 shares, the short-interest ratio is currently 1.2 days.

BlackRock MuniVest Fund II Price Performance

MVT remained flat at $11.42 during trading on Wednesday. The company had a trading volume of 61,950 shares, compared to its average volume of 43,034. The stock has a 50 day simple moving average of $11.22 and a 200 day simple moving average of $10.91. BlackRock MuniVest Fund II has a twelve month low of $8.96 and a twelve month high of $11.97.

BlackRock MuniVest Fund II Increases Dividend

The firm 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 $0.054 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date is Tuesday, October 15th. This is a boost from BlackRock MuniVest Fund II’s previous monthly dividend of $0.05.

Hedge Funds Weigh In On BlackRock MuniVest Fund II

Institutional investors and hedge funds have recently modified their holdings of the business. Blue Bell Private Wealth Management LLC acquired a new stake in BlackRock MuniVest Fund II during the second quarter worth approximately $27,000. Pineridge Advisors LLC acquired a new stake in shares of BlackRock MuniVest Fund II during the 4th quarter worth $60,000. EverSource Wealth Advisors LLC increased its position in shares of BlackRock MuniVest Fund II by 204.0% in the second quarter. EverSource Wealth Advisors LLC now owns 6,333 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 4,250 shares during the period. 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 purchasing an additional 4,837 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new stake in BlackRock MuniVest Fund II during the first quarter worth about $123,000. 34.19% of the stock is currently 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.