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

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 12,619 shares, a drop of 35.0% from the November 30th total of 19,402 shares. Based on an average trading volume of 80,807 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 80,807 shares, the short-interest ratio is currently 0.2 days.

BlackRock MuniHoldings Quality Fund II Stock Performance

MUE traded up $0.07 on Tuesday, reaching $10.02. The company’s stock had a trading volume of 117,611 shares, compared to its average volume of 72,772. BlackRock MuniHoldings Quality Fund II has a fifty-two week low of $9.26 and a fifty-two week high of $10.48. The stock has a 50 day moving average of $10.02 and a two-hundred day moving average of $9.79.

BlackRock MuniHoldings Quality Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be issued a $0.051 dividend. The ex-dividend date is Monday, December 22nd. This represents a c) annualized dividend and a dividend yield of 6.1%.

Institutional Investors Weigh In On BlackRock MuniHoldings Quality Fund II

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new position in BlackRock MuniHoldings Quality Fund II in the third quarter valued at $36,000. Raymond James Financial Inc. boosted its position in shares of BlackRock MuniHoldings Quality Fund II by 22.0% in the 3rd quarter. Raymond James Financial Inc. now owns 134,819 shares of the investment management company’s stock valued at $1,356,000 after purchasing an additional 24,298 shares during the period. Pathstone Holdings LLC grew its stake in BlackRock MuniHoldings Quality Fund II by 8.6% during the 3rd quarter. Pathstone Holdings LLC now owns 894,639 shares of the investment management company’s stock worth $9,000,000 after buying an additional 70,788 shares during the last quarter. Van ECK Associates Corp grew its stake in BlackRock MuniHoldings Quality Fund II by 15.0% during the 3rd quarter. Van ECK Associates Corp now owns 159,062 shares of the investment management company’s stock worth $1,600,000 after buying an additional 20,719 shares during the last quarter. Finally, Savvy Advisors Inc. acquired a new position in BlackRock MuniHoldings Quality Fund II during the third quarter worth approximately $113,000.

BlackRock MuniHoldings Quality Fund II Company Profile

BlackRock MuniHoldings Quality Fund II (NYSE:MUE) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal income taxes. The fund pursues its objective by investing primarily in a diversified portfolio of investment-grade municipal securities, including general obligation bonds, revenue bonds and insured or prerefunded issues. By focusing on quality issuers, the fund aims to balance income generation with a degree of credit preservation within the tax-free municipal bond market.

The fund’s portfolio typically comprises securities issued by state and local governments across the United States, enabling exposure to a broad range of tax-exempt muni credits.