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

BlackRock Municipal Income Quality Trust (NYSE:BYM) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 9,400 shares, an increase of 84.3% from the February 28th total of 5,100 shares. Based on an average daily trading volume, of 114,900 shares, the short-interest ratio is presently 0.1 days.

BlackRock Municipal Income Quality Trust Stock Performance

Shares of BYM stock traded up $0.05 on Friday, reaching $10.74. The stock had a trading volume of 81,317 shares, compared to its average volume of 74,372. BlackRock Municipal Income Quality Trust has a 1 year low of $10.65 and a 1 year high of $12.38. The company has a 50 day simple moving average of $11.10 and a 200 day simple moving average of $11.36.

BlackRock Municipal Income Quality Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.0555 per share. The ex-dividend date is Friday, March 14th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.20%.

Institutional Investors Weigh In On BlackRock Municipal Income Quality Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC increased its holdings in BlackRock Municipal Income Quality Trust by 225.4% during the third quarter. Larson Financial Group LLC now owns 9,438 shares of the company’s stock valued at $114,000 after buying an additional 6,538 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of BlackRock Municipal Income Quality Trust by 33.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 641,301 shares of the company’s stock worth $6,958,000 after purchasing an additional 159,220 shares in the last quarter. Simon Quick Advisors LLC purchased a new stake in shares of BlackRock Municipal Income Quality Trust in the 4th quarter worth $109,000. Indiana Trust & Investment Management Co raised its holdings in BlackRock Municipal Income Quality Trust by 1.4% in the 4th quarter. Indiana Trust & Investment Management Co now owns 95,726 shares of the company’s stock worth $1,039,000 after purchasing an additional 1,316 shares during the period. Finally, Van ECK Associates Corp lifted its position in BlackRock Municipal Income Quality Trust by 6.6% during the fourth quarter. Van ECK Associates Corp now owns 197,605 shares of the company’s stock valued at $2,144,000 after purchasing an additional 12,224 shares in the last quarter.

BlackRock Municipal Income Quality Trust Company Profile

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.