Short Interest in BlackRock Municipal Income Trust II (NYSE:BLE) Decreases By 47.5%

BlackRock Municipal Income Trust II (NYSE:BLE) saw a large decline in short interest in January. As of January 15th, there was short interest totaling 14,679 shares, a decline of 47.5% from the December 31st total of 27,948 shares. Based on an average daily volume of 91,065 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 91,065 shares, the short-interest ratio is presently 0.2 days.

BlackRock Municipal Income Trust II Trading Up 0.6%

Shares of BlackRock Municipal Income Trust II stock opened at $10.58 on Friday. BlackRock Municipal Income Trust II has a 12-month low of $9.56 and a 12-month high of $10.87. The company has a 50-day simple moving average of $10.43 and a 200 day simple moving average of $10.29.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. LRI Investments LLC acquired a new stake in BlackRock Municipal Income Trust II during the 3rd quarter valued at $29,000. Advisory Services Network LLC acquired a new position in BlackRock Municipal Income Trust II in the third quarter worth $35,000. Nomura Holdings Inc. acquired a new position in BlackRock Municipal Income Trust II in the second quarter worth $100,000. Duncker Streett & Co. Inc. bought a new stake in shares of BlackRock Municipal Income Trust II during the second quarter worth $118,000. Finally, River Street Advisors LLC acquired a new stake in shares of BlackRock Municipal Income Trust II in the fourth quarter valued at $121,000.

BlackRock Municipal Income Trust II Company Profile

BlackRock Municipal Income Trust II (NYSE:BLE) is a closed-end, diversified management investment company that seeks to offer shareholders a high level of current income exempt from federal income taxes. The fund pursues this objective by investing primarily in a portfolio of municipal debt obligations. Its holdings span various sectors of the municipal market, including general obligation bonds, revenue bonds, and other tax-exempt instruments issued by U.S. states, cities, counties and municipal authorities.

The fund’s portfolio typically combines investment-grade and below-investment-grade (high-yield) municipal securities, allowing it to balance income potential with credit quality considerations.