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

BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 20,500 shares, an increase of 23.5% from the February 13th total of 16,600 shares. Based on an average trading volume of 68,900 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

BlackRock MuniYield Quality Fund II Stock Down 0.4 %

MQT stock traded down $0.04 during trading on Wednesday, reaching $9.99. The stock had a trading volume of 22,395 shares, compared to its average volume of 55,283. BlackRock MuniYield Quality Fund II has a 52 week low of $9.74 and a 52 week high of $11.00. The stock’s 50 day moving average is $10.17 and its two-hundred day moving average is $10.37.

BlackRock MuniYield Quality Fund II Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Elequin Capital LP bought a new position in BlackRock MuniYield Quality Fund II in the fourth quarter valued at about $39,000. Citadel Advisors LLC purchased a new stake in BlackRock MuniYield Quality Fund II in the fourth quarter worth about $120,000. Noble Wealth Management PBC purchased a new stake in BlackRock MuniYield Quality Fund II in the fourth quarter worth about $171,000. Virtu Financial LLC purchased a new stake in BlackRock MuniYield Quality Fund II in the fourth quarter worth about $182,000. Finally, HighTower Advisors LLC increased its position in 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 buying an additional 3,131 shares in the last quarter. Institutional investors own 30.75% of the company’s stock.

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.