BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 6,422 shares, a decrease of 76.3% from the October 13th total of 27,089 shares. Based on an average daily trading volume, of 44,302 shares, the days-to-cover ratio is presently 0.1 days.

Shares of BlackRock Municipal Income Trust II (BLE) opened at $14.52 on Wednesday. BlackRock Municipal Income Trust II has a 1-year low of $14.08 and a 1-year high of $15.87.

The firm also recently announced a monthly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend is Tuesday, November 14th.

Institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC purchased a new stake in shares of BlackRock Municipal Income Trust II during the second quarter worth $154,000. SG Americas Securities LLC acquired a new position in shares of BlackRock Municipal Income Trust II during the 2nd quarter valued at about $190,000. Oppenheimer & Co. Inc. acquired a new position in shares of BlackRock Municipal Income Trust II during the 2nd quarter valued at about $199,000. Stifel Financial Corp boosted its position in shares of BlackRock Municipal Income Trust II by 5.1% during the 2nd quarter. Stifel Financial Corp now owns 14,351 shares of the company’s stock valued at $219,000 after acquiring an additional 700 shares during the last quarter. Finally, Iberiabank Corp acquired a new position in shares of BlackRock Municipal Income Trust II during the 3rd quarter valued at about $254,000.

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BlackRock Municipal Income Trust II Company Profile

BlackRock Municipal Income Trust II is a diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing primarily in municipal bonds exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax).

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