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 significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 41,500 shares, a decrease of 36.3% from the January 31st total of 65,200 shares. Based on an average daily trading volume, of 252,600 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of BlackRock MuniYield Quality Fund III

Hedge funds have recently modified their holdings of the company. Creative Financial Designs Inc. ADV purchased a new stake in shares of BlackRock MuniYield Quality Fund III during the fourth quarter valued at about $43,000. Larson Financial Group LLC raised its position in shares of BlackRock MuniYield Quality Fund III by 238.1% in the 3rd quarter. Larson Financial Group LLC now owns 6,085 shares of the investment management company’s stock valued at $73,000 after purchasing an additional 4,285 shares during the last quarter. Icon Wealth Advisors LLC purchased a new position in shares of BlackRock MuniYield Quality Fund III in the 3rd quarter valued at approximately $104,000. Citadel Advisors LLC purchased a new position in shares of BlackRock MuniYield Quality Fund III in the 4th quarter valued at approximately $131,000. Finally, Two Sigma Securities LLC purchased a new position in shares of BlackRock MuniYield Quality Fund III in the 4th quarter valued at approximately $141,000. 34.01% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund III Price Performance

MYI stock opened at $11.28 on Friday. The firm has a 50-day simple moving average of $11.10 and a two-hundred day simple moving average of $11.41. BlackRock MuniYield Quality Fund III has a one year low of $10.83 and a one year high of $12.07.

BlackRock MuniYield Quality Fund III Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of $0.0555 per share. This represents a $0.67 annualized dividend and a dividend yield of 5.91%. The ex-dividend date is Friday, February 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.