BlackRock Municipal Income Quality Trust (NYSE:BYM) Short Interest Update

BlackRock Municipal Income Quality Trust (NYSE:BYM) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totalling 39,600 shares, an increase of 10.6% from the June 30th total of 35,800 shares. Based on an average daily trading volume, of 56,400 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On BlackRock Municipal Income Quality Trust

A number of institutional investors and hedge funds have recently modified their holdings of the business. Americana Partners LLC grew its holdings in BlackRock Municipal Income Quality Trust by 13.5% during the 4th quarter. Americana Partners LLC now owns 1,260,234 shares of the company’s stock worth $13,675,000 after acquiring an additional 150,023 shares during the period. Fiera Capital Corp increased its holdings in BlackRock Municipal Income Quality Trust by 13.4% in the fourth quarter. Fiera Capital Corp now owns 562,973 shares of the company’s stock valued at $6,311,000 after purchasing an additional 66,705 shares during the last quarter. Robinson Capital Management LLC lifted its stake in BlackRock Municipal Income Quality Trust by 48.4% in the fourth quarter. Robinson Capital Management LLC now owns 250,849 shares of the company’s stock valued at $2,832,000 after buying an additional 81,774 shares during the period. Van ECK Associates Corp boosted its holdings in BlackRock Municipal Income Quality Trust by 2.2% during the first quarter. Van ECK Associates Corp now owns 198,524 shares of the company’s stock worth $2,303,000 after buying an additional 4,247 shares during the last quarter. Finally, LM Advisors LLC acquired a new position in shares of BlackRock Municipal Income Quality Trust during the 4th quarter worth about $1,816,000.

BlackRock Municipal Income Quality Trust Stock Up 0.7 %

Shares of NYSE BYM traded up $0.08 during midday trading on Tuesday, hitting $11.70. The stock had a trading volume of 8,535 shares, compared to its average volume of 55,772. The company’s 50-day simple moving average is $11.37 and its 200 day simple moving average is $11.32. BlackRock Municipal Income Quality Trust has a fifty-two week low of $9.30 and a fifty-two week high of $11.81.

BlackRock Municipal Income Quality Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be given a dividend of $0.0525 per share. This is a boost from BlackRock Municipal Income Quality Trust’s previous monthly dividend of $0.05. The ex-dividend date is Monday, July 15th. This represents a $0.63 annualized dividend and a dividend yield of 5.38%.

About BlackRock Municipal Income Quality Trust

BlackRock Municipal Income Quality Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds exempt from federal income taxes, including the alternative minimum tax.