BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) Short Interest Update

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) was the target of a significant drop in short interest in the month of 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 trading volume of 80,807 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 80,807 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On BlackRock MuniHoldings Quality Fund II

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Advisors Asset Management Inc. grew its position in BlackRock MuniHoldings Quality Fund II by 67.3% in the second quarter. Advisors Asset Management Inc. now owns 277,213 shares of the investment management company’s stock worth $2,656,000 after buying an additional 111,564 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of BlackRock MuniHoldings Quality Fund II during the 2nd quarter valued at $67,000. Riverbridge Partners LLC boosted its stake in shares of BlackRock MuniHoldings Quality Fund II by 5.2% during the 2nd quarter. Riverbridge Partners LLC now owns 45,887 shares of the investment management company’s stock worth $440,000 after acquiring an additional 2,281 shares in the last quarter. Invesco Ltd. boosted its stake in shares of BlackRock MuniHoldings Quality Fund II by 33.8% during the 1st quarter. Invesco Ltd. now owns 169,644 shares of the investment management company’s stock worth $1,696,000 after acquiring an additional 42,851 shares in the last quarter. Finally, PFG Advisors acquired a new position in shares of BlackRock MuniHoldings Quality Fund II in the 2nd quarter worth $165,000.

BlackRock MuniHoldings Quality Fund II Stock Performance

MUE opened at $9.91 on Friday. The business has a 50 day moving average price of $10.02 and a two-hundred day moving average price of $9.78. 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 announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be paid a dividend of $0.051 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a c) annualized dividend and a yield of 6.2%.

About BlackRock MuniHoldings Quality Fund II

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.