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

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 111,165 shares, an increase of 136.3% from the August 31st total of 47,048 shares. Based on an average trading volume of 860,744 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MQY. Rivernorth Capital Management LLC grew its holdings in BlackRock MuniYield Quality Fund by 223.8% during the 1st quarter. Rivernorth Capital Management LLC now owns 7,899,355 shares of the financial services provider’s stock valued at $86,735,000 after buying an additional 5,459,910 shares in the last quarter. Bank of America Corp DE bought a new position in shares of BlackRock MuniYield Quality Fund during the 2nd quarter valued at approximately $21,090,000. Van ECK Associates Corp grew its holdings in shares of BlackRock MuniYield Quality Fund by 2.6% in the second quarter. Van ECK Associates Corp now owns 1,194,747 shares of the financial services provider’s stock valued at $13,859,000 after purchasing an additional 30,234 shares in the last quarter. Rareview Capital LLC bought a new stake in BlackRock MuniYield Quality Fund in the first quarter worth $4,930,000. Finally, Cetera Investment Advisers increased its position in BlackRock MuniYield Quality Fund by 500.5% in the first quarter. Cetera Investment Advisers now owns 313,561 shares of the financial services provider’s stock worth $3,443,000 after purchasing an additional 261,344 shares during the last quarter. 25.51% of the stock is owned by institutional investors.

BlackRock MuniYield Quality Fund Stock Performance

NYSE MQY traded up $0.03 on Friday, reaching $10.18. The company had a trading volume of 858,290 shares, compared to its average volume of 827,725. The firm’s 50 day moving average price is $10.98 and its 200 day moving average price is $11.24. BlackRock MuniYield Quality Fund has a 12 month low of $10.09 and a 12 month high of $11.94.

BlackRock MuniYield Quality Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be issued a $0.0580 dividend. This represents a $0.70 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Friday, December 11th.

BlackRock MuniYield Quality Fund Company Profile

BlackRock MuniYield Quality Fund, Inc is a closed-end management investment company listed on the New York Stock Exchange under the symbol MQY. The fund seeks to provide current income that is exempt from regular U.S. federal income tax by investing primarily in a portfolio of municipal obligations issued by states, territories, municipalities and other governmental entities.

The fund generally invests in longer-term municipal bonds and may allocate assets across various sectors of the municipal market, including essential-service areas such as education, health care, transportation, utilities and public infrastructure.