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

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 62,400 shares, a growth of 67.7% from the February 28th total of 37,200 shares. Based on an average daily trading volume, of 241,500 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund III

A number of hedge funds have recently bought and sold shares of MYI. TrinityPoint Wealth LLC increased its holdings in shares of BlackRock MuniYield Quality Fund III by 3.2% in the 4th quarter. TrinityPoint Wealth LLC now owns 91,560 shares of the investment management company’s stock valued at $1,011,000 after acquiring an additional 2,880 shares during the last quarter. Pathstone Holdings LLC grew its holdings in shares of BlackRock MuniYield Quality Fund III by 25.3% during the fourth quarter. Pathstone Holdings LLC now owns 995,957 shares of the investment management company’s stock valued at $11,046,000 after purchasing an additional 201,347 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of BlackRock MuniYield Quality Fund III during the 4th quarter worth approximately $423,000. Citadel Advisors LLC bought a new stake in shares of BlackRock MuniYield Quality Fund III in the 4th quarter worth approximately $131,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in BlackRock MuniYield Quality Fund III during the 4th quarter worth $245,000. 34.01% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund III Stock Performance

MYI stock traded down $0.01 during trading on Monday, reaching $10.92. The stock had a trading volume of 25,019 shares, compared to its average volume of 188,750. The firm has a fifty day moving average price of $11.10 and a 200 day moving average price of $11.33. BlackRock MuniYield Quality Fund III has a 1-year low of $10.73 and a 1-year high of $12.07.

BlackRock MuniYield Quality Fund III Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.0555 per share. The ex-dividend date is Friday, March 14th. This represents a $0.67 dividend on an annualized basis and a yield of 6.10%.

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.