BlackRock Municipal Income Quality Trust (NYSE:BYM – Get Free Report) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 39,600 shares, a growth of 10.6% from the June 30th total of 35,800 shares. Based on an average trading volume of 56,400 shares, the days-to-cover ratio is presently 0.7 days.
BlackRock Municipal Income Quality Trust Trading Up 1.4 %
Shares of BYM stock traded up $0.16 on Wednesday, reaching $11.83. The company’s stock had a trading volume of 44,141 shares, compared to its average volume of 55,808. The stock’s fifty day simple moving average is $11.40 and its 200-day simple moving average is $11.33. BlackRock Municipal Income Quality Trust has a 1 year low of $9.30 and a 1 year high of $12.03.
BlackRock Municipal Income Quality Trust Increases Dividend
The firm also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be paid a dividend of $0.0525 per share. This is a positive change from BlackRock Municipal Income Quality Trust’s previous monthly dividend of $0.05. This represents a $0.63 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date of this dividend is Monday, July 15th.
Hedge Funds Weigh In On BlackRock Municipal Income Quality Trust
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.
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