BlackRock Municipal Income Quality Trust (NYSE:BYM) Sees Significant Growth in Short Interest

BlackRock Municipal Income Quality Trust (NYSE:BYMGet Free Report) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 38,700 shares, a growth of 29.4% from the September 15th total of 29,900 shares. Based on an average trading volume of 48,500 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BYM. Larson Financial Group LLC purchased a new position in shares of BlackRock Municipal Income Quality Trust in the 2nd quarter valued at about $33,000. Rothschild Investment LLC purchased a new stake in shares of BlackRock Municipal Income Quality Trust in the second quarter valued at approximately $68,000. Rosenberg Matthew Hamilton acquired a new position in shares of BlackRock Municipal Income Quality Trust during the 2nd quarter worth approximately $83,000. Rinkey Investments purchased a new position in shares of BlackRock Municipal Income Quality Trust during the 1st quarter valued at approximately $351,000. Finally, Allegheny Financial Group LTD lifted its position in shares of BlackRock Municipal Income Quality Trust by 11.4% during the 1st quarter. Allegheny Financial Group LTD now owns 151,891 shares of the company’s stock valued at $1,762,000 after buying an additional 15,564 shares in the last quarter.

BlackRock Municipal Income Quality Trust Stock Performance

Shares of BYM traded down $0.01 during mid-day trading on Tuesday, hitting $11.87. 22,863 shares of the company traded hands, compared to its average volume of 54,632. The business has a 50 day moving average of $11.98 and a 200 day moving average of $11.55. BlackRock Municipal Income Quality Trust has a 1-year low of $9.30 and a 1-year high of $12.38.

BlackRock Municipal Income Quality Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a $0.0555 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.67 dividend on an annualized basis and a yield of 5.61%.

About BlackRock Municipal Income Quality Trust

(Get Free Report)

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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