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

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Get Free Report) saw a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 65,200 shares, a decrease of 25.9% from the January 15th total of 88,000 shares. Based on an average daily volume of 251,600 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of BlackRock MuniYield Quality Fund III

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

BlackRock MuniYield Quality Fund III Trading Down 0.1 %

MYI traded down $0.02 on Tuesday, reaching $11.15. The company had a trading volume of 235,854 shares, compared to its average volume of 179,895. 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 simple moving average of $11.10 and a 200 day simple moving average of $11.42.

BlackRock MuniYield Quality Fund III Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a dividend of $0.0555 per share. This represents a $0.67 annualized dividend and a dividend yield of 5.98%. 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.