BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Short Interest Update

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 62,400 shares, an increase of 67.7% from the February 28th total of 37,200 shares. Based on an average daily volume of 241,500 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Trading of BlackRock MuniYield Quality Fund III

Several hedge funds have recently added to or reduced their stakes in MYI. Creative Financial Designs Inc. ADV bought a new stake in shares of BlackRock MuniYield Quality Fund III in the fourth quarter worth about $43,000. Larson Financial Group LLC increased its stake in BlackRock MuniYield Quality Fund III by 238.1% during the 3rd quarter. Larson Financial Group LLC now owns 6,085 shares of the investment management company’s stock worth $73,000 after purchasing an additional 4,285 shares in the last quarter. Icon Wealth Advisors LLC acquired a new stake in BlackRock MuniYield Quality Fund III during the 3rd quarter worth approximately $104,000. Citadel Advisors LLC acquired a new stake in BlackRock MuniYield Quality Fund III during the 4th quarter worth approximately $131,000. Finally, Two Sigma Securities LLC bought a new position in BlackRock MuniYield Quality Fund III in the fourth quarter valued at approximately $141,000. Institutional investors and hedge funds own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Stock Up 0.4 %

NYSE:MYI traded up $0.04 during trading hours on Friday, hitting $10.92. The stock had a trading volume of 117,094 shares, compared to its average volume of 222,350. The business’s 50 day moving average is $11.10 and its 200-day moving average is $11.33. BlackRock MuniYield Quality Fund III has a one year low of $10.73 and a one year high of $12.07.

BlackRock MuniYield Quality Fund III Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.0555 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.10%. The ex-dividend date of this dividend is Friday, March 14th.

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.