BlackRock Municipal Income Trust II (NYSE:BLE) Sees Large Drop in Short Interest

BlackRock Municipal Income Trust II (NYSE:BLE) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totaling 14,679 shares, a decrease of 47.5% from the December 31st total of 27,948 shares. Based on an average trading volume of 91,065 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 91,065 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of BlackRock Municipal Income Trust II

Several hedge funds have recently made changes to their positions in BLE. Integrated Capital Management Inc. lifted its holdings in shares of BlackRock Municipal Income Trust II by 4.0% in the 3rd quarter. Integrated Capital Management Inc. now owns 26,824 shares of the company’s stock valued at $280,000 after acquiring an additional 1,026 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of BlackRock Municipal Income Trust II by 5.6% in the 2nd quarter. Bank of Montreal Can now owns 22,477 shares of the company’s stock valued at $226,000 after purchasing an additional 1,201 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of BlackRock Municipal Income Trust II by 5.5% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 22,927 shares of the company’s stock valued at $240,000 after purchasing an additional 1,205 shares during the last quarter. Creative Planning boosted its holdings in shares of BlackRock Municipal Income Trust II by 6.2% in the 3rd quarter. Creative Planning now owns 24,540 shares of the company’s stock worth $256,000 after purchasing an additional 1,427 shares during the period. Finally, Balefire LLC increased its position in shares of BlackRock Municipal Income Trust II by 10.4% during the 3rd quarter. Balefire LLC now owns 25,514 shares of the company’s stock valued at $267,000 after purchasing an additional 2,408 shares during the last quarter.

BlackRock Municipal Income Trust II Trading Up 0.6%

Shares of BLE stock traded up $0.06 on Friday, reaching $10.58. The company’s stock had a trading volume of 61,082 shares, compared to its average volume of 90,269. The stock’s fifty day simple moving average is $10.43 and its 200-day simple moving average is $10.29. BlackRock Municipal Income Trust II has a 1 year low of $9.56 and a 1 year high of $10.87.

BlackRock Municipal Income Trust II Company Profile

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.