Short Interest in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Drops By 17.0%

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 21,900 shares, a decline of 17.0% from the November 30th total of 26,400 shares. Based on an average daily trading volume, of 254,200 shares, the short-interest ratio is presently 0.1 days.

BlackRock MuniYield Quality Fund III Stock Performance

Shares of MYI traded up $0.01 during trading hours on Tuesday, hitting $10.96. 266,308 shares of the company were exchanged, compared to its average volume of 233,462. The firm’s 50 day moving average is $11.31 and its 200-day moving average is $11.46. BlackRock MuniYield Quality Fund III has a 52 week low of $10.83 and a 52 week high of $12.07.

BlackRock MuniYield Quality Fund III Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.0555 per share. The ex-dividend date is Monday, December 16th. This represents a $0.67 annualized dividend and a yield of 6.08%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MYI. Cresta Advisors Ltd. bought a new stake in shares of BlackRock MuniYield Quality Fund III in the third quarter valued at approximately $204,000. Stifel Financial Corp grew its position in BlackRock MuniYield Quality Fund III by 40.0% in the 3rd quarter. Stifel Financial Corp now owns 623,360 shares of the investment management company’s stock worth $7,480,000 after purchasing an additional 177,997 shares during the last quarter. Icon Wealth Advisors LLC bought a new position in shares of BlackRock MuniYield Quality Fund III during the 3rd quarter worth about $104,000. Horizon Kinetics Asset Management LLC raised its position in shares of BlackRock MuniYield Quality Fund III by 5.2% during the third quarter. Horizon Kinetics Asset Management LLC now owns 44,854 shares of the investment management company’s stock valued at $538,000 after buying an additional 2,200 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in BlackRock MuniYield Quality Fund III by 238.1% during the third quarter. Larson Financial Group LLC now owns 6,085 shares of the investment management company’s stock worth $73,000 after buying an additional 4,285 shares in the last quarter. Institutional investors and hedge funds own 34.01% of the company’s stock.

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.