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

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Get Free Report) was the recipient of a large growth in short interest during 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. Currently, 0.1% of the company's stock are sold short. Based on an average trading volume of 241,500 shares, the days-to-cover ratio is presently 0.3 days.

BlackRock MuniYield Quality Fund III Price Performance

Shares of MYI traded down $0.04 during midday trading on Wednesday, hitting $10.96. The company had a trading volume of 115,930 shares, compared to its average volume of 221,608. The company's 50 day moving average price is $11.10 and its 200 day moving average price is $11.31. BlackRock MuniYield Quality Fund III has a 52 week low of $10.73 and a 52 week high of $12.07.

BlackRock MuniYield Quality Fund III Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a $0.0555 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.67 dividend on an annualized basis and a yield of 6.08%.

Institutional Trading of BlackRock MuniYield Quality Fund III

Institutional investors and hedge funds have recently bought and sold shares of the company. Rockefeller Capital Management L.P. boosted its holdings in BlackRock MuniYield Quality Fund III by 1.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 57,076 shares of the investment management company's stock worth $630,000 after purchasing an additional 1,028 shares during the period. Capital Investment Advisors LLC raised its stake in BlackRock MuniYield Quality Fund III by 0.7% during the fourth quarter. Capital Investment Advisors LLC now owns 261,498 shares of the investment management company's stock worth $2,887,000 after acquiring an additional 1,748 shares during the period. TrinityPoint Wealth LLC lifted its holdings in BlackRock MuniYield Quality Fund III by 3.2% in the fourth quarter. TrinityPoint Wealth LLC now owns 91,560 shares of the investment management company's stock worth $1,011,000 after acquiring an additional 2,880 shares during the last quarter. Creative Financial Designs Inc. ADV acquired a new position in BlackRock MuniYield Quality Fund III in the fourth quarter valued at approximately $43,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of BlackRock MuniYield Quality Fund III by 35.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 15,676 shares of the investment management company's stock valued at $173,000 after purchasing an additional 4,107 shares during the last quarter. Institutional investors and hedge funds own 34.01% of the company's stock.

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.