BlackRock Municipal Income Trust II (NYSE:BLE) Short Interest Down 43.8% in February

BlackRock Municipal Income Trust II (NYSE:BLE) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 39,700 shares, a decline of 43.8% from the February 13th total of 70,600 shares. Based on an average daily volume of 110,300 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On BlackRock Municipal Income Trust II

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wakefield Asset Management LLLP boosted its holdings in shares of BlackRock Municipal Income Trust II by 0.6% in the 4th quarter. Wakefield Asset Management LLLP now owns 170,026 shares of the company’s stock worth $1,787,000 after purchasing an additional 973 shares during the period. Bank of Montreal Can boosted its holdings in shares of BlackRock Municipal Income Trust II by 5.0% in the 4th quarter. Bank of Montreal Can now owns 21,149 shares of the company’s stock worth $222,000 after purchasing an additional 1,006 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of BlackRock Municipal Income Trust II by 5.7% in the 4th quarter. NewEdge Advisors LLC now owns 28,226 shares of the company’s stock worth $297,000 after purchasing an additional 1,522 shares during the period. Catalina Capital Group LLC boosted its holdings in shares of BlackRock Municipal Income Trust II by 7.3% in the 4th quarter. Catalina Capital Group LLC now owns 25,638 shares of the company’s stock worth $269,000 after purchasing an additional 1,744 shares during the period. Finally, Avior Wealth Management LLC boosted its holdings in BlackRock Municipal Income Trust II by 15.6% during the 4th quarter. Avior Wealth Management LLC now owns 20,077 shares of the company’s stock valued at $211,000 after acquiring an additional 2,706 shares during the period.

BlackRock Municipal Income Trust II Stock Performance

Shares of BlackRock Municipal Income Trust II stock traded down $0.07 on Friday, reaching $10.39. The company had a trading volume of 89,249 shares, compared to its average volume of 77,905. The firm’s 50-day simple moving average is $10.62. BlackRock Municipal Income Trust II has a 1 year low of $10.30 and a 1 year high of $11.41.

BlackRock Municipal Income Trust II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $0.054 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date is Friday, March 14th.

BlackRock Municipal Income Trust II Company Profile

BlackRock Municipal Income Trust II 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 long-term and short-term investments, and money market funds. The fund primarily in investment grade municipal bonds that are exempt from regular federal income tax.