BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY - Get Free Report) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 38,500 shares, a decline of 69.2% from the March 31st total of 124,800 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 187,700 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Trading of BlackRock MuniYield Quality Fund
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its stake in shares of BlackRock MuniYield Quality Fund by 6.1% in the fourth quarter. Van ECK Associates Corp now owns 430,019 shares of the financial services provider's stock valued at $4,954,000 after buying an additional 24,874 shares in the last quarter. Raymond James Financial Inc. purchased a new position in BlackRock MuniYield Quality Fund during the 4th quarter valued at about $2,558,000. Stifel Financial Corp acquired a new position in BlackRock MuniYield Quality Fund in the 3rd quarter valued at about $187,000. Commonwealth Equity Services LLC grew its position in BlackRock MuniYield Quality Fund by 18.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 111,109 shares of the financial services provider's stock valued at $1,280,000 after acquiring an additional 17,470 shares in the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new stake in BlackRock MuniYield Quality Fund during the fourth quarter worth about $132,000. Hedge funds and other institutional investors own 25.51% of the company's stock.
BlackRock MuniYield Quality Fund Trading Up 0.4 %
MQY traded up $0.05 during trading on Friday, reaching $11.06. The company's stock had a trading volume of 175,289 shares, compared to its average volume of 180,548. BlackRock MuniYield Quality Fund has a 1 year low of $10.52 and a 1 year high of $13.29. The firm has a fifty day simple moving average of $11.51 and a two-hundred day simple moving average of $11.97.
BlackRock MuniYield Quality Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a $0.058 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.70 annualized dividend and a dividend yield of 6.30%.
About BlackRock MuniYield Quality Fund
(
Get Free Report)
BlackRock MuniYield Quality Fund, Inc is a close 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 in long-term municipal obligations the interest on which is exempt from federal income taxes. The fund also invests in short-term securities.
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