BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Get Free Report) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 125,700 shares, an increase of 101.4% from the March 15th total of 62,400 shares. Based on an average daily trading volume, of 218,500 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the company's stock are short sold.
BlackRock MuniYield Quality Fund III Trading Down 2.0 %
NYSE:MYI traded down $0.21 during trading hours on Monday, reaching $10.22. 276,348 shares of the stock were exchanged, compared to its average volume of 229,292. BlackRock MuniYield Quality Fund III has a twelve month low of $9.98 and a twelve month high of $12.07. The firm has a 50 day moving average of $10.89 and a 200 day moving average of $11.16.
BlackRock MuniYield Quality Fund III Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given a $0.0555 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 6.52%. The ex-dividend date is Tuesday, April 15th.
Institutional Investors Weigh In On BlackRock MuniYield Quality Fund III
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. American National Bank & Trust acquired a new stake in shares of BlackRock MuniYield Quality Fund III in the first quarter valued at about $38,000. Creative Financial Designs Inc. ADV bought a new position in BlackRock MuniYield Quality Fund III in the fourth quarter valued at approximately $43,000. Citadel Advisors LLC acquired a new position in shares of BlackRock MuniYield Quality Fund III during the 4th quarter worth approximately $131,000. Two Sigma Securities LLC bought a new stake in shares of BlackRock MuniYield Quality Fund III during the 4th quarter worth approximately $141,000. Finally, CX Institutional acquired a new stake in shares of BlackRock MuniYield Quality Fund III in the 1st quarter valued at approximately $154,000. 34.01% of the stock is owned by institutional investors.
About BlackRock MuniYield Quality Fund III
(
Get Free Report)
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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