BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) Short Interest Update

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) was the target of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 75,400 shares, a decline of 40.3% from the January 31st total of 126,300 shares. Based on an average daily volume of 71,800 shares, the days-to-cover ratio is currently 1.1 days.

BlackRock MuniHoldings Quality Fund II Stock Performance

Shares of NYSE:MUE traded up $0.07 during trading on Friday, reaching $10.45. 37,194 shares of the company traded hands, compared to its average volume of 52,472. The company’s 50 day moving average is $10.22 and its two-hundred day moving average is $10.44. BlackRock MuniHoldings Quality Fund II has a 52 week low of $9.65 and a 52 week high of $10.95.

BlackRock MuniHoldings Quality Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a dividend of $0.051 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.86%.

Hedge Funds Weigh In On BlackRock MuniHoldings Quality Fund II

Several hedge funds and other institutional investors have recently bought and sold shares of MUE. HighTower Advisors LLC boosted its holdings in BlackRock MuniHoldings Quality Fund II by 18.4% during the 3rd quarter. HighTower Advisors LLC now owns 16,991 shares of the investment management company’s stock worth $176,000 after acquiring an additional 2,644 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of BlackRock MuniHoldings Quality Fund II by 80.5% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 27,820 shares of the investment management company’s stock valued at $278,000 after buying an additional 12,409 shares in the last quarter. Rivernorth Capital Management LLC grew its position in shares of 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 valued at $24,000,000 after purchasing an additional 30,224 shares in the last quarter. Avior Wealth Management LLC grew its holdings in BlackRock MuniHoldings Quality Fund II by 32.1% during the 3rd quarter. Avior Wealth Management LLC now owns 7,750 shares of the investment management company’s stock valued at $83,000 after buying an additional 1,882 shares in the last quarter. Finally, Riverbridge Partners LLC bought a new position in BlackRock MuniHoldings Quality Fund II in the 4th quarter valued at $407,000.

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.