BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) Sees Large Increase in Short Interest

BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 20,500 shares, an increase of 23.5% from the February 13th total of 16,600 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 68,900 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Elequin Capital LP purchased a new position in BlackRock MuniYield Quality Fund II during the fourth quarter valued at $39,000. Nomura Holdings Inc. bought a new position in shares of BlackRock MuniYield Quality Fund II during the fourth quarter valued at $203,000. Nuveen Asset Management LLC lifted its holdings in shares of BlackRock MuniYield Quality Fund II by 43.3% during the fourth quarter. Nuveen Asset Management LLC now owns 48,173 shares of the investment management company’s stock valued at $475,000 after purchasing an additional 14,563 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of BlackRock MuniYield Quality Fund II during the fourth quarter valued at $120,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of BlackRock MuniYield Quality Fund II by 9.4% during the fourth quarter. Ameriprise Financial Inc. now owns 34,750 shares of the investment management company’s stock valued at $343,000 after purchasing an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 30.75% of the company’s stock.

BlackRock MuniYield Quality Fund II Price Performance

Shares of NYSE MQT traded down $0.04 on Wednesday, reaching $9.99. 22,395 shares of the company’s stock traded hands, compared to its average volume of 55,283. The business’s 50 day simple moving average is $10.17 and its two-hundred day simple moving average is $10.37. BlackRock MuniYield Quality Fund II has a 12 month low of $9.74 and a 12 month high of $11.00.

BlackRock MuniYield Quality Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date is Friday, March 14th.

BlackRock MuniYield Quality Fund II Company Profile

BlackRock MuniYield 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. It primarily invests in municipal debt bonds exempt from federal income taxes. BlackRock MuniYield Quality Fund II, Inc was formed in September 21, 1992 and is domiciled in United States.