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

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 125,700 shares, an increase of 101.4% from the March 15th total of 62,400 shares. Based on an average daily trading volume, of 218,500 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the shares of the company are sold short.

BlackRock MuniYield Quality Fund III Price Performance

Shares of BlackRock MuniYield Quality Fund III stock traded up $0.01 during trading hours on Friday, hitting $10.43. The company’s stock had a trading volume of 179,655 shares, compared to its average volume of 229,102. The business has a 50 day moving average price of $10.92 and a two-hundred day moving average price of $11.19. BlackRock MuniYield Quality Fund III has a 12-month low of $9.98 and a 12-month high of $12.07.

BlackRock MuniYield Quality Fund III Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a dividend of $0.0555 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.67 annualized dividend and a yield of 6.39%.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund III

Several large investors have recently made changes to their positions in MYI. Capital Investment Advisors LLC raised its position in shares of BlackRock MuniYield Quality Fund III by 0.7% during the 4th quarter. Capital Investment Advisors LLC now owns 261,498 shares of the investment management company’s stock valued at $2,887,000 after buying an additional 1,748 shares in the last quarter. Eastern Bank boosted its holdings in shares of BlackRock MuniYield Quality Fund III by 22.8% in the fourth quarter. Eastern Bank now owns 131,231 shares of the investment management company’s stock valued at $1,449,000 after purchasing an additional 24,371 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in shares of BlackRock MuniYield Quality Fund III by 8.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,073,688 shares of the investment management company’s stock worth $11,854,000 after buying an additional 86,787 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of BlackRock MuniYield Quality Fund III in the 4th quarter valued at about $266,000. Finally, Mariner Investment Group LLC bought a new stake in BlackRock MuniYield Quality Fund III during the fourth quarter valued at about $451,000. 34.01% of the stock is owned by institutional investors.

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.