Short Interest in BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) Grows By 77.1%

BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 36,300 shares, an increase of 77.1% from the February 28th total of 20,500 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 67,500 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund II

Several institutional investors have recently bought and sold shares of the company. Elequin Capital LP acquired a new stake in shares of BlackRock MuniYield Quality Fund II during the fourth quarter worth about $39,000. Citadel Advisors LLC purchased a new stake in BlackRock MuniYield Quality Fund II during the 4th quarter worth approximately $120,000. Noble Wealth Management PBC acquired a new stake in BlackRock MuniYield Quality Fund II during the 4th quarter worth approximately $171,000. Virtu Financial LLC purchased a new position in BlackRock MuniYield Quality Fund II in the 4th quarter valued at approximately $182,000. Finally, HighTower Advisors LLC grew its stake in shares of BlackRock MuniYield Quality Fund II by 20.3% in the third quarter. HighTower Advisors LLC now owns 18,522 shares of the investment management company’s stock worth $194,000 after acquiring an additional 3,131 shares in the last quarter. 30.75% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund II Stock Up 0.3 %

NYSE:MQT traded up $0.03 during trading hours on Friday, reaching $10.00. 79,460 shares of the stock were exchanged, compared to its average volume of 55,963. BlackRock MuniYield Quality Fund II has a twelve month low of $9.74 and a twelve month high of $11.00. The business has a 50-day moving average of $10.19 and a two-hundred day moving average of $10.35.

BlackRock MuniYield Quality Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.051 per share. This represents a $0.61 annualized dividend and a yield of 6.12%. The ex-dividend date of this dividend is Friday, March 14th.

About BlackRock MuniYield Quality Fund II

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.