BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Short Interest Down 48.6% in October

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Get Free Report) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 93,900 shares, a decrease of 48.6% from the September 30th total of 182,700 shares. Based on an average daily volume of 200,900 shares, the days-to-cover ratio is currently 0.5 days.

BlackRock MuniYield Quality Fund III Stock Up 0.3 %

NYSE MYI traded up $0.03 on Friday, reaching $11.40. 270,815 shares of the company's stock traded hands, compared to its average volume of 217,553. BlackRock MuniYield Quality Fund III has a 12 month low of $9.32 and a 12 month high of $12.07. The stock has a 50-day simple moving average of $11.75 and a 200 day simple moving average of $11.38.

BlackRock MuniYield Quality Fund III Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a dividend of $0.0555 per share. This represents a $0.67 annualized dividend and a dividend yield of 5.84%. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Trading of BlackRock MuniYield Quality Fund III

Several hedge funds have recently added to or reduced their stakes in the business. Strategies Wealth Advisors LLC increased its holdings in shares of BlackRock MuniYield Quality Fund III by 5.3% in the second quarter. Strategies Wealth Advisors LLC now owns 25,755 shares of the investment management company's stock worth $288,000 after buying an additional 1,300 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in BlackRock MuniYield Quality Fund III by 4.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 45,728 shares of the investment management company's stock worth $511,000 after purchasing an additional 1,940 shares during the period. International Assets Investment Management LLC bought a new stake in BlackRock MuniYield Quality Fund III in the second quarter valued at approximately $42,000. Melfa Wealth Management Inc. boosted its stake in shares of BlackRock MuniYield Quality Fund III by 1.9% during the third quarter. Melfa Wealth Management Inc. now owns 240,790 shares of the investment management company's stock valued at $2,889,000 after purchasing an additional 4,512 shares during the period. Finally, Wolverine Asset Management LLC bought a new position in shares of BlackRock MuniYield Quality Fund III in the second quarter worth approximately $80,000. 34.01% of the stock is owned by institutional investors.

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.