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

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BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) saw a large decline in short interest in the month of January. As of January 29th, there was short interest totalling 12,200 shares, a decline of 68.4% from the January 14th total of 38,600 shares. Based on an average daily trading volume, of 37,500 shares, the days-to-cover ratio is presently 0.3 days.

A number of hedge funds and other institutional investors have recently modified their holdings of MQT. Syverson Strege & Co acquired a new stake in BlackRock MuniYield Quality Fund II in the fourth quarter worth $134,000. LPL Financial LLC increased its position in shares of BlackRock MuniYield Quality Fund II by 15.4% in the 3rd quarter. LPL Financial LLC now owns 13,193 shares of the investment management company’s stock valued at $173,000 after buying an additional 1,762 shares in the last quarter. Total Investment Management Inc. increased its position in shares of BlackRock MuniYield Quality Fund II by 14.6% in the 3rd quarter. Total Investment Management Inc. now owns 19,554 shares of the investment management company’s stock valued at $255,000 after buying an additional 2,488 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in BlackRock MuniYield Quality Fund II during the 3rd quarter worth $260,000. Finally, Private Advisor Group LLC lifted its holdings in BlackRock MuniYield Quality Fund II by 4.8% during the third quarter. Private Advisor Group LLC now owns 40,557 shares of the investment management company’s stock worth $530,000 after acquiring an additional 1,875 shares in the last quarter.

Shares of MQT stock opened at $14.30 on Thursday. The stock has a 50-day moving average of $14.07 and a 200-day moving average of $13.50. BlackRock MuniYield Quality Fund II has a one year low of $9.30 and a one year high of $14.93.

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 1st. Investors of record on Tuesday, February 16th will be paid a dividend of $0.054 per share. This represents a $0.65 annualized dividend and a yield of 4.53%. The ex-dividend date is Friday, February 12th.

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.

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