BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) Shares Shorted: Short Interest Up 272.2% in September

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 413,778 shares, a growth of 272.2% from the September 15th total of 111,165 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 1,205,445 shares, the short-interest ratio is presently 0.3 days.

BlackRock MuniYield Quality Fund Price Performance

Shares of NYSE:MQY traded up $0.07 during midday trading on Friday, reaching $9.97. The company had a trading volume of 1,280,168 shares, compared to its average volume of 1,369,070. The company’s 50 day moving average price is $10.70 and its 200 day moving average price is $11.14. BlackRock MuniYield Quality Fund has a 52-week low of $9.66 and a 52-week high of $11.94.

BlackRock MuniYield Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be paid a $0.0580 dividend. The ex-dividend date is Friday, December 11th. This represents a $0.70 annualized dividend and a yield of 7.0%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Allied Private Wealth LLC purchased a new stake in BlackRock MuniYield Quality Fund in the 2nd quarter worth about $25,000. Northwestern Mutual Wealth Management Co. bought a new stake in BlackRock MuniYield Quality Fund in the 2nd quarter valued at about $27,000. Geneos Wealth Management Inc. purchased a new stake in BlackRock MuniYield Quality Fund during the first quarter valued at about $34,000. Ballast Advisors LLC purchased a new stake in BlackRock MuniYield Quality Fund during the first quarter valued at about $35,000. Finally, Fifth Third Bancorp purchased a new stake in BlackRock MuniYield Quality Fund during the first quarter valued at about $54,000. Institutional investors own 25.51% of the company’s stock.

About BlackRock MuniYield Quality Fund

BlackRock MuniYield Quality Fund, Inc (NYSE: MQY) is a closed-end investment fund managed by BlackRock Advisors, LLC. The fund seeks to provide current income that is exempt from regular U.S. federal income tax, with capital appreciation as a secondary objective.

The fund invests primarily in long-term municipal obligations issued by states, municipalities, and other governmental entities throughout the United States. Its portfolio may include general obligation bonds, revenue bonds, and other tax-exempt securities used to finance public infrastructure and services.

As a national municipal bond fund, BlackRock MuniYield Quality Fund generally invests across multiple U.S.