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

BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 3,500 shares, a growth of 150.0% from the March 31st total of 1,400 shares. Based on an average daily trading volume, of 44,900 shares, the days-to-cover ratio is presently 0.1 days.

BlackRock MuniYield Quality Fund II Price Performance

NYSE MQT traded up $0.03 on Friday, reaching $9.80. The stock had a trading volume of 61,176 shares, compared to its average volume of 48,784. BlackRock MuniYield Quality Fund II has a 12-month low of $8.59 and a 12-month high of $10.67. The business’s 50-day moving average price is $10.28 and its 200 day moving average price is $10.01.

BlackRock MuniYield Quality Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be given a $0.049 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.59 annualized dividend and a yield of 6.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Goodwin Daniel L boosted its stake in shares of BlackRock MuniYield Quality Fund II by 9.6% during the third quarter. Goodwin Daniel L now owns 28,500 shares of the investment management company’s stock worth $256,000 after buying an additional 2,500 shares during the period. UBS Group AG raised its stake in BlackRock MuniYield Quality Fund II by 1.3% during the 3rd quarter. UBS Group AG now owns 261,338 shares of the investment management company’s stock valued at $2,349,000 after acquiring an additional 3,233 shares during the last quarter. Fiera Capital Corp lifted its holdings in shares of BlackRock MuniYield Quality Fund II by 2.1% during the third quarter. Fiera Capital Corp now owns 352,532 shares of the investment management company’s stock worth $3,169,000 after purchasing an additional 7,396 shares during the period. Mystic Asset Management Inc. lifted its stake in shares of BlackRock MuniYield Quality Fund II by 47.1% in the 3rd quarter. Mystic Asset Management Inc. now owns 53,100 shares of the investment management company’s stock worth $477,000 after acquiring an additional 17,000 shares during the period. Finally, Alpine Global Management LLC acquired a new stake in BlackRock MuniYield Quality Fund II in the third quarter valued at about $200,000. 30.75% of the stock is owned by hedge funds and other institutional investors.

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.