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 decrease in short interest in February. As of February 15th, there was short interest totalling 75,400 shares, a decrease of 40.3% from the January 31st total of 126,300 shares. Based on an average trading volume of 71,800 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Trading of BlackRock MuniHoldings Quality Fund II

A number of institutional investors have recently made changes to their positions in MUE. Bank of Montreal Can grew its stake in shares of BlackRock MuniHoldings Quality Fund II by 4.5% during the 4th quarter. Bank of Montreal Can now owns 22,927 shares of the investment management company’s stock valued at $229,000 after purchasing an additional 991 shares during the period. NewEdge Advisors LLC boosted its stake in shares of BlackRock MuniHoldings Quality Fund II by 4.8% during the 4th quarter. NewEdge Advisors LLC now owns 21,966 shares of the investment management company’s stock worth $220,000 after acquiring an additional 1,000 shares during the last quarter. Horizon Kinetics Asset Management LLC grew its position in shares of BlackRock MuniHoldings Quality Fund II by 1.8% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 61,530 shares of the investment management company’s stock valued at $658,000 after acquiring an additional 1,100 shares during the period. Avior Wealth Management LLC increased its stake in shares of BlackRock MuniHoldings Quality Fund II by 16.9% in the 4th quarter. Avior Wealth Management LLC now owns 9,056 shares of the investment management company’s stock worth $91,000 after purchasing an additional 1,306 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in BlackRock MuniHoldings Quality Fund II by 18.4% in the 3rd quarter. HighTower Advisors LLC now owns 16,991 shares of the investment management company’s stock worth $176,000 after purchasing an additional 2,644 shares during the period.

BlackRock MuniHoldings Quality Fund II Stock Performance

MUE traded up $0.07 during trading on Friday, hitting $10.45. 37,194 shares of the company’s stock traded hands, compared to its average volume of 52,472. The company’s 50 day simple moving average is $10.22 and its two-hundred day simple moving average is $10.44. BlackRock MuniHoldings Quality Fund II has a 12-month low of $9.65 and a 12-month high of $10.95.

BlackRock MuniHoldings Quality Fund II Announces Dividend

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

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.