Short Interest in BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) Drops By 35.0%

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) was the target of a significant 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 daily volume of 80,807 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 80,807 shares, the short-interest ratio is presently 0.2 days.

BlackRock MuniHoldings Quality Fund II Stock Up 0.2%

Shares of MUE stock traded up $0.02 on Monday, reaching $9.94. 275,858 shares of the company were exchanged, compared to its average volume of 72,591. The business has a 50-day moving average price of $10.02 and a 200 day moving average price of $9.79. BlackRock MuniHoldings Quality Fund II has a 1 year low of $9.26 and a 1 year high of $10.48.

BlackRock MuniHoldings Quality Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be paid a dividend of $0.051 per share. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date is Monday, December 22nd.

Hedge Funds Weigh In On BlackRock MuniHoldings Quality Fund II

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hilltop National Bank acquired a new stake in shares of BlackRock MuniHoldings Quality Fund II in the second quarter worth approximately $32,000. Advisory Services Network LLC purchased a new position in shares of BlackRock MuniHoldings Quality Fund II during the 3rd quarter worth $36,000. Allworth Financial LP acquired a new position in shares of BlackRock MuniHoldings Quality Fund II during the 2nd quarter valued at about $67,000. Wolverine Asset Management LLC raised its position in BlackRock MuniHoldings Quality Fund II by 87.2% in the second quarter. Wolverine Asset Management LLC now owns 8,268 shares of the investment management company’s stock valued at $79,000 after purchasing an additional 3,851 shares during the period. Finally, Osaic Holdings Inc. increased its position in shares of BlackRock MuniHoldings Quality Fund II by 113.4% during the second quarter. Osaic Holdings Inc. now owns 9,941 shares of the investment management company’s stock valued at $95,000 after acquiring an additional 5,283 shares during the last quarter.

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.