BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) Sees Significant Drop in Short Interest

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 60,700 shares, a decrease of 23.5% from the February 28th total of 79,300 shares. Based on an average daily trading volume, of 65,500 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of BlackRock MuniHoldings Quality Fund II

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rivernorth Capital Management LLC grew its position in BlackRock MuniHoldings Quality Fund II by 1.4% in the third quarter. Rivernorth Capital Management LLC now owns 2,245,080 shares of the investment management company’s stock worth $24,000,000 after buying an additional 30,224 shares during the last quarter. Guggenheim Capital LLC grew its holdings in shares of BlackRock MuniHoldings Quality Fund II by 18.1% in the 4th quarter. Guggenheim Capital LLC now owns 507,340 shares of the investment management company’s stock worth $5,073,000 after acquiring an additional 77,765 shares during the last quarter. Invesco Ltd. raised its position in shares of BlackRock MuniHoldings Quality Fund II by 86.7% during the fourth quarter. Invesco Ltd. now owns 126,793 shares of the investment management company’s stock worth $1,268,000 after purchasing an additional 58,864 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of BlackRock MuniHoldings Quality Fund II during the fourth quarter valued at $1,181,000. Finally, LPL Financial LLC boosted its position in shares of BlackRock MuniHoldings Quality Fund II by 69.0% in the 4th quarter. LPL Financial LLC now owns 114,271 shares of the investment management company’s stock valued at $1,143,000 after purchasing an additional 46,663 shares during the period.

BlackRock MuniHoldings Quality Fund II Trading Up 0.1 %

MUE stock traded up $0.01 during trading hours on Wednesday, hitting $10.10. 33,812 shares of the stock traded hands, compared to its average volume of 60,319. The stock has a 50-day simple moving average of $10.24 and a 200 day simple moving average of $10.39. BlackRock MuniHoldings Quality Fund II has a one year low of $9.65 and a one year high of $10.95.

BlackRock MuniHoldings Quality Fund II Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a $0.051 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.61 annualized dividend and a dividend yield of 6.06%.

BlackRock MuniHoldings Quality Fund II Company Profile

BlackRock MuniHoldings Quality 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 of the United States. It primarily invests in long-term, investment grade municipal obligations exempt from federal income taxes.