Short Interest in BlackRock Municipal Income Quality Trust (NYSE:BYM) Decreases By 40.6%

BlackRock Municipal Income Quality Trust (NYSE:BYM) was the recipient of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 13,900 shares, a drop of 40.6% from the January 31st total of 23,400 shares. Based on an average daily trading volume, of 99,600 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of BlackRock Municipal Income Quality Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. LM Advisors LLC grew its holdings in BlackRock Municipal Income Quality Trust by 7.7% during the 4th quarter. LM Advisors LLC now owns 170,496 shares of the company’s stock valued at $1,850,000 after buying an additional 12,260 shares in the last quarter. Elequin Capital LP purchased a new position in BlackRock Municipal Income Quality Trust during the 4th quarter valued at approximately $55,000. Nomura Holdings Inc. purchased a new position in BlackRock Municipal Income Quality Trust during the 4th quarter valued at approximately $381,000. Nuveen Asset Management LLC purchased a new position in BlackRock Municipal Income Quality Trust during the 4th quarter valued at approximately $159,000. Finally, Logan Stone Capital LLC purchased a new position in shares of BlackRock Municipal Income Quality Trust in the 4th quarter worth approximately $1,386,000.

BlackRock Municipal Income Quality Trust Stock Down 0.9 %

Shares of NYSE BYM traded down $0.10 during trading on Tuesday, hitting $11.15. The company had a trading volume of 131,331 shares, compared to its average volume of 67,253. The stock has a 50 day simple moving average of $11.09 and a 200 day simple moving average of $11.50. BlackRock Municipal Income Quality Trust has a 12 month low of $10.65 and a 12 month high of $12.38.

BlackRock Municipal Income Quality Trust Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a dividend of $0.0555 per share. This represents a $0.67 annualized dividend and a yield of 5.97%. The ex-dividend date of this dividend was Friday, February 14th.

About BlackRock Municipal Income Quality Trust

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.