BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Get Free Report) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 32,300 shares, a decline of 47.6% from the April 30th total of 61,700 shares. Based on an average daily trading volume, of 227,500 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company's shares are short sold.
BlackRock MuniYield Quality Fund III Stock Up 0.1%
Shares of NYSE:MYI traded up $0.01 during midday trading on Friday, reaching $10.44. The company's stock had a trading volume of 100,134 shares, compared to its average volume of 228,307. The firm has a 50 day moving average price of $10.56 and a two-hundred day moving average price of $10.95. BlackRock MuniYield Quality Fund III has a fifty-two week low of $9.98 and a fifty-two week high of $12.07.
BlackRock MuniYield Quality Fund III Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be paid a $0.0555 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.38%. The ex-dividend date is Thursday, May 15th.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in MYI. American National Bank & Trust bought a new stake in BlackRock MuniYield Quality Fund III in the 1st quarter valued at about $38,000. Wolverine Asset Management LLC bought a new stake in BlackRock MuniYield Quality Fund III in the 1st quarter valued at about $40,000. Creative Financial Designs Inc. ADV bought a new stake in BlackRock MuniYield Quality Fund III in the 4th quarter valued at about $43,000. Geneos Wealth Management Inc. increased its holdings in BlackRock MuniYield Quality Fund III by 803.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,053 shares of the investment management company's stock worth $56,000 after purchasing an additional 4,494 shares in the last quarter. Finally, Plancorp LLC bought a new stake in BlackRock MuniYield Quality Fund III during the 1st quarter worth approximately $110,000. 34.01% of the stock is owned by institutional investors and hedge funds.
BlackRock MuniYield Quality Fund III Company Profile
(
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.
Featured Articles
Before you consider BlackRock MuniYield Quality Fund III, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BlackRock MuniYield Quality Fund III wasn't on the list.
While BlackRock MuniYield Quality Fund III currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
