BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Sees Large Growth in Short Interest

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 126,200 shares, a growth of 79.0% from the March 31st total of 70,500 shares. Based on an average daily volume of 218,200 shares, the days-to-cover ratio is currently 0.6 days.

BlackRock MuniYield Quality Fund III Stock Performance

MYI stock opened at $10.92 on Friday. BlackRock MuniYield Quality Fund III has a 1-year low of $9.32 and a 1-year high of $11.70. The business has a fifty day moving average price of $11.31 and a 200-day moving average price of $10.97.

BlackRock MuniYield Quality Fund III Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a $0.0555 dividend. This represents a $0.67 annualized dividend and a dividend yield of 6.10%. The ex-dividend date is Friday, April 12th.

Institutional Trading of BlackRock MuniYield Quality Fund III

Large investors have recently modified their holdings of the company. Anchor Investment Management LLC bought a new stake in shares of BlackRock MuniYield Quality Fund III in the fourth quarter worth $38,000. AdvisorNet Financial Inc grew its holdings in shares of BlackRock MuniYield Quality Fund III by 123.6% in the fourth quarter. AdvisorNet Financial Inc now owns 3,437 shares of the investment management company’s stock worth $40,000 after acquiring an additional 1,900 shares during the period. American National Bank bought a new stake in shares of BlackRock MuniYield Quality Fund III in the first quarter worth $53,000. Future Financial Wealth Managment LLC bought a new stake in BlackRock MuniYield Quality Fund III during the fourth quarter valued at about $116,000. Finally, Relyea Zuckerberg Hanson LLC bought a new stake in BlackRock MuniYield Quality Fund III during the fourth quarter valued at about $148,000. Institutional investors own 34.01% of the company’s stock.

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.