BlackRock MuniVest Fund II, Inc. (NYSE:MVT – Get Free Report) 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
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.
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