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

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 62,925 shares, a decrease of 35.4% from the July 30th total of 97,472 shares. Based on an average trading volume of 384,352 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

BlackRock MuniYield Quality Fund Stock Performance

Shares of BlackRock MuniYield Quality Fund stock traded down $0.08 during midday trading on Tuesday, hitting $10.98. The company had a trading volume of 607,688 shares, compared to its average volume of 361,428. The company has a fifty day simple moving average of $11.37 and a 200 day simple moving average of $11.40. BlackRock MuniYield Quality Fund has a 12-month low of $10.84 and a 12-month high of $11.94.

BlackRock MuniYield Quality Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.058 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.3%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allied Private Wealth LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund during the second quarter worth $25,000. Northwestern Mutual Wealth Management Co. purchased a new position in BlackRock MuniYield Quality Fund in the 2nd quarter worth $27,000. Global Retirement Partners LLC purchased a new position in BlackRock MuniYield Quality Fund in the 4th quarter worth $32,000. Garton & Associates Financial Advisors LLC acquired a new stake in BlackRock MuniYield Quality Fund during the 4th quarter worth about $32,000. Finally, Geneos Wealth Management Inc. acquired a new stake in BlackRock MuniYield Quality Fund during the 1st quarter worth about $34,000. Hedge funds and other institutional investors own 25.51% of the company’s stock.

About BlackRock MuniYield Quality Fund

BlackRock MuniYield Quality Fund (NYSE: MQY) is a closed-end investment company that seeks to provide shareholders with a high level of current income exempt from federal income tax. The fund pursues its objective by investing primarily in a diversified portfolio of investment-grade municipal securities, including bonds issued by states, municipalities and their agencies across the United States. MQY may employ leverage to enhance income, in line with its stated risk and return objectives.

As part of BlackRock’s suite of municipal bond offerings, MQY benefits from the firm’s municipal fixed-income research, trading capabilities and credit analysis.