BlackRock Municipal Income Trust II (NYSE:BLE) Short Interest Down 43.8% in February

BlackRock Municipal Income Trust II (NYSE:BLE) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 39,700 shares, a drop of 43.8% from the February 13th total of 70,600 shares. Based on an average daily volume of 110,300 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On BlackRock Municipal Income Trust II

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BLE. Pathstone Holdings LLC raised its stake in BlackRock Municipal Income Trust II by 33.6% in the fourth quarter. Pathstone Holdings LLC now owns 1,301,487 shares of the company’s stock valued at $13,708,000 after buying an additional 327,419 shares during the last quarter. 1607 Capital Partners LLC purchased a new position in shares of BlackRock Municipal Income Trust II in the fourth quarter worth about $2,238,000. Raymond James Financial Inc. purchased a new position in shares of BlackRock Municipal Income Trust II in the fourth quarter worth about $1,889,000. Callahan Advisors LLC purchased a new position in shares of BlackRock Municipal Income Trust II in the fourth quarter worth about $1,221,000. Finally, Sit Investment Associates Inc. raised its stake in shares of BlackRock Municipal Income Trust II by 41.1% in the fourth quarter. Sit Investment Associates Inc. now owns 303,112 shares of the company’s stock worth $3,186,000 after purchasing an additional 88,364 shares during the last quarter.

BlackRock Municipal Income Trust II Price Performance

BLE stock traded down $0.07 during trading on Friday, reaching $10.39. 89,249 shares of the company traded hands, compared to its average volume of 77,905. BlackRock Municipal Income Trust II has a 12 month low of $10.30 and a 12 month high of $11.41. The company’s 50 day moving average price is $10.62.

BlackRock Municipal Income Trust II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.054 per share. This represents a $0.65 dividend on an annualized basis and a yield of 6.24%. The ex-dividend date is Friday, March 14th.

About BlackRock Municipal Income Trust II

BlackRock Municipal Income Trust II 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 primarily invests long-term and short-term investments, and money market funds. The fund primarily in investment grade municipal bonds that are exempt from regular federal income tax.