BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Sees Large Decline in Short Interest

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) was the target of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 65,200 shares, a decline of 25.9% from the January 15th total of 88,000 shares. Based on an average daily trading volume, of 251,600 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund III

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mariner Investment Group LLC acquired a new position in shares of BlackRock MuniYield Quality Fund III during the fourth quarter worth approximately $451,000. Stifel Financial Corp lifted its holdings in shares of BlackRock MuniYield Quality Fund III by 40.0% during the third quarter. Stifel Financial Corp now owns 623,360 shares of the investment management company’s stock worth $7,480,000 after buying an additional 177,997 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of BlackRock MuniYield Quality Fund III by 8.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,073,688 shares of the investment management company’s stock worth $11,854,000 after buying an additional 86,787 shares during the last quarter. US Bancorp DE lifted its holdings in shares of BlackRock MuniYield Quality Fund III by 49.8% during the third quarter. US Bancorp DE now owns 25,183 shares of the investment management company’s stock worth $302,000 after buying an additional 8,370 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of BlackRock MuniYield Quality Fund III during the fourth quarter worth approximately $266,000. 34.01% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund III Stock Up 0.7 %

MYI traded up $0.08 on Friday, hitting $11.13. The company had a trading volume of 32,577 shares, compared to its average volume of 171,996. The company’s fifty day moving average price is $11.13 and its 200 day moving average price is $11.43. BlackRock MuniYield Quality Fund III has a 1-year low of $10.83 and a 1-year high of $12.07.

BlackRock MuniYield Quality Fund III Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a $0.0555 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.67 annualized dividend and a yield of 5.99%.

BlackRock MuniYield Quality Fund III Company Profile

BlackRock MuniYield Quality Fund III, Inc 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 invests primarily in a portfolio of long-term investment-grade municipal obligations exempt from federal income taxes.