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

BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT – Get Rating) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totalling 2,600 shares, a drop of 29.7% from the April 15th total of 3,700 shares. Based on an average trading volume of 38,900 shares, the days-to-cover ratio is currently 0.1 days.

BlackRock MuniYield Quality Fund II Price Performance

MQT stock opened at $10.08 on Friday. The business’s fifty day moving average is $10.21 and its 200-day moving average is $10.27. BlackRock MuniYield Quality Fund II has a twelve month low of $9.26 and a twelve month high of $13.49.

BlackRock MuniYield Quality Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, June 1st. Investors of record on Monday, May 15th will be issued a $0.035 dividend. The ex-dividend date is Friday, May 12th. This represents a $0.42 dividend on an annualized basis and a yield of 4.17%.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund II

Institutional investors have recently modified their holdings of the stock. Fiera Capital Corp boosted its stake in BlackRock MuniYield Quality Fund II by 196.2% during the 4th quarter. Fiera Capital Corp now owns 316,047 shares of the investment management company’s stock worth $3,230,000 after acquiring an additional 209,348 shares during the last quarter. Rivernorth Capital Management LLC increased its position in shares of BlackRock MuniYield Quality Fund II by 48.8% in the 1st quarter. Rivernorth Capital Management LLC now owns 301,336 shares of the investment management company’s stock valued at $3,661,000 after buying an additional 98,849 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of BlackRock MuniYield Quality Fund II by 18.9% in the 1st quarter. Guggenheim Capital LLC now owns 535,255 shares of the investment management company’s stock valued at $5,551,000 after buying an additional 85,186 shares in the last quarter. Wolverine Asset Management LLC increased its position in shares of BlackRock MuniYield Quality Fund II by 6,965.6% in the 4th quarter. Wolverine Asset Management LLC now owns 77,934 shares of the investment management company’s stock valued at $796,000 after buying an additional 76,831 shares in the last quarter. Finally, Robinson Capital Management LLC bought a new stake in shares of BlackRock MuniYield Quality Fund II in the 1st quarter valued at $843,000. 21.05% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund II Company Profile

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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.