Short Interest in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Decreases By 53.9%

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Get Free Report) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 88,000 shares, a decrease of 53.9% from the December 31st total of 190,800 shares. Based on an average trading volume of 278,800 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of BlackRock MuniYield Quality Fund III

Institutional investors have recently made changes to their positions in the stock. Mariner Investment Group LLC purchased a new stake in BlackRock MuniYield Quality Fund III during the fourth quarter valued at $451,000. Stifel Financial Corp increased its position in shares of BlackRock MuniYield Quality Fund III by 40.0% during the 3rd quarter. Stifel Financial Corp now owns 623,360 shares of the investment management company's stock valued at $7,480,000 after purchasing an additional 177,997 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of BlackRock MuniYield Quality Fund III by 8.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,073,688 shares of the investment management company's stock worth $11,854,000 after purchasing an additional 86,787 shares during the period. US Bancorp DE boosted its holdings in shares of BlackRock MuniYield Quality Fund III by 49.8% in the third quarter. US Bancorp DE now owns 25,183 shares of the investment management company's stock worth $302,000 after buying an additional 8,370 shares during the last quarter. Finally, Eastern Bank bought a new stake in BlackRock MuniYield Quality Fund III during the third quarter valued at approximately $1,282,000. Hedge funds and other institutional investors own 34.01% of the company's stock.

BlackRock MuniYield Quality Fund III Trading Down 0.2 %

Shares of NYSE MYI traded down $0.03 during midday trading on Monday, hitting $11.18. The stock had a trading volume of 173,809 shares, compared to its average volume of 180,396. The business's 50 day moving average is $11.18 and its 200-day moving average is $11.44. BlackRock MuniYield Quality Fund III has a 52 week low of $10.83 and a 52 week high of $12.07.

BlackRock MuniYield Quality Fund III Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a $0.0555 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date is Wednesday, January 15th.

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.