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

BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 10,400 shares, a decrease of 25.7% from the August 15th total of 14,000 shares. Based on an average daily volume of 43,800 shares, the days-to-cover ratio is currently 0.2 days.

BlackRock MuniYield Quality Fund II Stock Down 0.1 %

NYSE MQT traded down $0.01 on Monday, reaching $10.88. 30,362 shares of the company’s stock traded hands, compared to its average volume of 48,474. BlackRock MuniYield Quality Fund II has a 12 month low of $8.59 and a 12 month high of $10.95. The stock has a 50-day simple moving average of $10.53 and a 200 day simple moving average of $10.29.

BlackRock MuniYield Quality Fund II Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a dividend of $0.051 per share. The ex-dividend date is Tuesday, October 15th. This is a positive change from BlackRock MuniYield Quality Fund II’s previous dividend of $0.05.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund II

A number of large investors have recently added to or reduced their stakes in MQT. Raymond James & Associates grew its stake in shares of BlackRock MuniYield Quality Fund II by 1.7% during the second quarter. Raymond James & Associates now owns 243,612 shares of the investment management company’s stock valued at $2,507,000 after buying an additional 4,095 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of BlackRock MuniYield Quality Fund II by 3.7% in the 1st quarter. Van ECK Associates Corp now owns 171,670 shares of the investment management company’s stock valued at $1,804,000 after acquiring an additional 6,131 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in BlackRock MuniYield Quality Fund II by 28.3% during the 1st quarter. Concurrent Investment Advisors LLC now owns 34,684 shares of the investment management company’s stock valued at $365,000 after acquiring an additional 7,647 shares during the period. Private Advisor Group LLC bought a new position in BlackRock MuniYield Quality Fund II during the 4th quarter worth approximately $108,000. Finally, Wolverine Asset Management LLC purchased a new position in BlackRock MuniYield Quality Fund II in the 2nd quarter worth approximately $159,000. Hedge funds and other 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.