Short Interest in BlackRock Municipal Income Trust II (NYSE:BLE) Declines By 25.9%

BlackRock Municipal Income Trust II (NYSE:BLE) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 27,948 shares, a drop of 25.9% from the December 15th total of 37,742 shares. Based on an average trading volume of 216,718 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 216,718 shares, the short-interest ratio is presently 0.1 days.

BlackRock Municipal Income Trust II Price Performance

NYSE:BLE remained flat at $10.58 during mid-day trading on Monday. The company’s stock had a trading volume of 62,998 shares, compared to its average volume of 88,463. The business has a 50-day simple moving average of $10.42 and a two-hundred day simple moving average of $10.26. BlackRock Municipal Income Trust II has a one year low of $9.56 and a one year high of $10.87.

Hedge Funds Weigh In On BlackRock Municipal Income Trust II

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its position in BlackRock Municipal Income Trust II by 10.1% in the 1st quarter. Royal Bank of Canada now owns 164,594 shares of the company’s stock valued at $1,710,000 after buying an additional 15,154 shares during the last quarter. Balefire LLC lifted its stake in shares of BlackRock Municipal Income Trust II by 36.8% in the second quarter. Balefire LLC now owns 23,106 shares of the company’s stock worth $232,000 after acquiring an additional 6,220 shares in the last quarter. Park Avenue Securities LLC purchased a new position in BlackRock Municipal Income Trust II in the second quarter valued at about $1,171,000. U.S. Capital Wealth Advisors LLC boosted its holdings in BlackRock Municipal Income Trust II by 16.5% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 35,341 shares of the company’s stock valued at $355,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Dakota Wealth Management grew its stake in BlackRock Municipal Income Trust II by 2.7% during the 2nd quarter. Dakota Wealth Management now owns 78,783 shares of the company’s stock valued at $791,000 after purchasing an additional 2,100 shares in the last quarter.

About BlackRock Municipal Income Trust II

BlackRock Municipal Income Trust II (NYSE:BLE) is a closed-end, diversified management investment company that seeks to offer shareholders a high level of current income exempt from federal income taxes. The fund pursues this objective by investing primarily in a portfolio of municipal debt obligations. Its holdings span various sectors of the municipal market, including general obligation bonds, revenue bonds, and other tax-exempt instruments issued by U.S. states, cities, counties and municipal authorities.

The fund’s portfolio typically combines investment-grade and below-investment-grade (high-yield) municipal securities, allowing it to balance income potential with credit quality considerations.