BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Get Free Report) was the target of a large growth in short interest in 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. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 241,500 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Trading of BlackRock MuniYield Quality Fund III
Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of BlackRock MuniYield Quality Fund III in the fourth quarter worth $9,107,000. Stifel Financial Corp grew its position in BlackRock MuniYield Quality Fund III by 80.1% during the fourth quarter. Stifel Financial Corp now owns 1,122,786 shares of the investment management company's stock worth $12,396,000 after buying an additional 499,426 shares in the last quarter. Pathstone Holdings LLC increased its stake 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 acquiring an additional 201,347 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in 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 acquiring an additional 86,787 shares during the last quarter. Finally, Scarborough Advisors LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund III in the 4th quarter valued at about $699,000. 34.01% of the stock is currently owned by hedge funds and other institutional investors.
BlackRock MuniYield Quality Fund III Trading Down 0.2 %
Shares of MYI traded down $0.03 during midday trading on Thursday, hitting $10.97. 306,967 shares of the company traded hands, compared to its average volume of 221,903. BlackRock MuniYield Quality Fund III has a one year low of $10.73 and a one year high of $12.07. The stock has a 50-day moving average of $11.10 and a 200-day moving average of $11.31.
BlackRock MuniYield Quality Fund III Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a dividend of $0.0555 per share. This represents a $0.67 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date of this dividend is Tuesday, April 15th.
About BlackRock MuniYield Quality Fund III
(
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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.
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