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

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 56,674 shares, a decline of 43.7% from the June 30th total of 100,576 shares. Based on an average daily trading volume, of 323,644 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

BlackRock MuniYield Quality Fund III Price Performance

NYSE MYI traded up $0.01 on Wednesday, reaching $10.77. The company had a trading volume of 159,067 shares, compared to its average volume of 252,046. The company’s fifty day moving average is $10.93 and its 200-day moving average is $10.96. BlackRock MuniYield Quality Fund III has a 1-year low of $10.22 and a 1-year high of $11.46.

BlackRock MuniYield Quality Fund III Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a dividend of $0.0555 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 6.2%.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund III

Several hedge funds and other institutional investors have recently made changes to their positions in MYI. Geneos Wealth Management Inc. raised its position in BlackRock MuniYield Quality Fund III by 803.9% during the first quarter. Geneos Wealth Management Inc. now owns 5,053 shares of the investment management company’s stock worth $56,000 after acquiring an additional 4,494 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of BlackRock MuniYield Quality Fund III by 1.4% in the second quarter. NewEdge Advisors LLC now owns 206,048 shares of the investment management company’s stock valued at $2,161,000 after purchasing an additional 2,822 shares during the last quarter. Karpus Management Inc. increased its stake in shares of BlackRock MuniYield Quality Fund III by 3.0% during the second quarter. Karpus Management Inc. now owns 327,800 shares of the investment management company’s stock worth $3,439,000 after purchasing an additional 9,600 shares during the period. Jane Street Group LLC bought a new position in BlackRock MuniYield Quality Fund III during the 2nd quarter worth $373,000. Finally, Kim LLC increased its position in BlackRock MuniYield Quality Fund III by 1.1% during the second quarter. Kim LLC now owns 203,124 shares of the investment management company’s stock worth $2,131,000 after acquiring an additional 2,117 shares during the period. 34.01% of the stock is owned by institutional investors.

BlackRock MuniYield Quality Fund III Company Profile

BlackRock MuniYield Quality Fund III (NYSE: MYI) is a closed-end management investment company that seeks to provide investors with a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including bonds, notes and other debt obligations issued by state and local governments, agencies and authorities across the United States.

In managing its portfolio, the fund generally allocates at least 80% of its total assets to investment-grade municipal debt instruments.