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

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) was the target of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 41,500 shares, a drop of 36.3% from the January 31st total of 65,200 shares. Based on an average daily volume of 252,600 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of BlackRock MuniYield Quality Fund III

A number of institutional investors have recently made changes to their positions in MYI. Raymond James Financial Inc. purchased a new position in shares of BlackRock MuniYield Quality Fund III during the fourth quarter valued at approximately $9,107,000. Stifel Financial Corp grew its position in BlackRock MuniYield Quality Fund III by 80.1% in the 4th quarter. Stifel Financial Corp now owns 1,122,786 shares of the investment management company’s stock worth $12,396,000 after purchasing an additional 499,426 shares during the period. Pathstone Holdings LLC raised its stake in BlackRock MuniYield Quality Fund III by 25.3% during the 4th quarter. Pathstone Holdings LLC now owns 995,957 shares of the investment management company’s stock valued at $11,046,000 after buying an additional 201,347 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in BlackRock MuniYield Quality Fund III by 8.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,073,688 shares of the investment management company’s stock valued at $11,854,000 after buying an additional 86,787 shares during the last quarter. Finally, Scarborough Advisors LLC bought a new position in shares of BlackRock MuniYield Quality Fund III during the 4th quarter valued at $699,000. Hedge funds and other institutional investors own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Stock Down 0.6 %

Shares of MYI stock traded down $0.07 during mid-day trading on Monday, hitting $11.23. The company’s stock had a trading volume of 213,174 shares, compared to its average volume of 184,119. BlackRock MuniYield Quality Fund III has a 52-week low of $10.83 and a 52-week high of $12.07. The business has a 50-day moving average price of $11.11 and a 200 day moving average price of $11.40.

BlackRock MuniYield Quality Fund III Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a dividend of $0.0555 per share. This represents a $0.67 annualized dividend and a yield of 5.93%. The ex-dividend date is Friday, February 14th.

About BlackRock MuniYield Quality Fund III

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.