Short Interest in BlackRock Municipal Income Trust II (NYSE:BLE) Declines By 43.8%

BlackRock Municipal Income Trust II (NYSE:BLE) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 39,700 shares, a decline of 43.8% from the February 13th total of 70,600 shares. Based on an average trading volume of 110,300 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BLE. Signaturefd LLC lifted its stake in shares of BlackRock Municipal Income Trust II by 995.4% during the 4th quarter. Signaturefd LLC now owns 5,477 shares of the company’s stock valued at $58,000 after buying an additional 4,977 shares in the last quarter. Noble Wealth Management PBC purchased a new stake in shares of BlackRock Municipal Income Trust II during the 4th quarter valued at approximately $89,000. Paradigm Capital Management LLC NV purchased a new stake in shares of BlackRock Municipal Income Trust II during the 3rd quarter valued at approximately $113,000. Sagespring Wealth Partners LLC purchased a new stake in shares of BlackRock Municipal Income Trust II during the 4th quarter valued at approximately $108,000. Finally, Simon Quick Advisors LLC purchased a new stake in shares of BlackRock Municipal Income Trust II during the 4th quarter valued at approximately $112,000.

BlackRock Municipal Income Trust II Stock Down 0.7 %

BLE traded down $0.07 during midday trading on Friday, reaching $10.39. The company had a trading volume of 89,249 shares, compared to its average volume of 77,905. BlackRock Municipal Income Trust II has a 12-month low of $10.30 and a 12-month high of $11.41. The business’s 50-day moving average price is $10.62.

BlackRock Municipal Income Trust II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.054 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 6.24%. The ex-dividend date of this dividend is Friday, March 14th.

About BlackRock Municipal Income Trust II

BlackRock Municipal Income Trust II 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 long-term and short-term investments, and money market funds. The fund primarily in investment grade municipal bonds that are exempt from regular federal income tax.