BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) Short Interest Down 23.5% in March

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 60,700 shares, a decline of 23.5% from the February 28th total of 79,300 shares. Based on an average daily volume of 65,500 shares, the short-interest ratio is currently 0.9 days.

BlackRock MuniHoldings Quality Fund II Price Performance

Shares of NYSE:MUE traded up $0.01 during trading hours on Wednesday, hitting $10.10. The stock had a trading volume of 33,812 shares, compared to its average volume of 60,319. The stock’s fifty day simple moving average is $10.24 and its 200 day simple moving average is $10.39. BlackRock MuniHoldings Quality Fund II has a 1-year low of $9.65 and a 1-year high of $10.95.

BlackRock MuniHoldings Quality Fund II Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were given a $0.051 dividend. This represents a $0.61 annualized dividend and a yield of 6.06%. The ex-dividend date was Friday, March 14th.

Institutional Trading of BlackRock MuniHoldings Quality Fund II

Hedge funds have recently added to or reduced their stakes in the business. Elequin Capital LP acquired a new position in shares of BlackRock MuniHoldings Quality Fund II during the fourth quarter valued at $47,000. Farther Finance Advisors LLC increased its stake in BlackRock MuniHoldings Quality Fund II by 317.9% during the 4th quarter. Farther Finance Advisors LLC now owns 5,215 shares of the investment management company’s stock valued at $52,000 after buying an additional 3,967 shares during the period. Avior Wealth Management LLC raised its position in shares of BlackRock MuniHoldings Quality Fund II by 16.9% during the 4th quarter. Avior Wealth Management LLC now owns 9,056 shares of the investment management company’s stock worth $91,000 after buying an additional 1,306 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in shares of BlackRock MuniHoldings Quality Fund II by 25.6% in the 4th quarter. Nuveen Asset Management LLC now owns 14,918 shares of the investment management company’s stock worth $149,000 after acquiring an additional 3,045 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in shares of BlackRock MuniHoldings Quality Fund II by 18.4% in the third quarter. HighTower Advisors LLC now owns 16,991 shares of the investment management company’s stock valued at $176,000 after acquiring an additional 2,644 shares in the last quarter.

About BlackRock MuniHoldings Quality Fund II

BlackRock MuniHoldings 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 of the United States. It primarily invests in long-term, investment grade municipal obligations exempt from federal income taxes.