BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Short Interest Down 52.3% in May

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 May. As of May 31st, there was short interest totalling 15,400 shares, a decrease of 52.3% from the May 15th total of 32,300 shares. Based on an average trading volume of 221,600 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

BlackRock MuniYield Quality Fund III Price Performance

NYSE MYI traded down $0.10 during trading hours on Friday, reaching $10.39. The company's stock had a trading volume of 126,770 shares, compared to its average volume of 225,273. BlackRock MuniYield Quality Fund III has a fifty-two week low of $9.98 and a fifty-two week high of $12.07. The company's 50-day moving average is $10.47 and its two-hundred day moving average is $10.90.

BlackRock MuniYield Quality Fund III Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a $0.0555 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.67 annualized dividend and a dividend yield of 6.41%.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund III

Several hedge funds have recently modified their holdings of the stock. American National Bank & Trust purchased a new position in BlackRock MuniYield Quality Fund III in the first quarter valued at approximately $38,000. Wolverine Asset Management LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund III during the first quarter valued at approximately $40,000. Creative Financial Designs Inc. ADV purchased a new stake in shares of BlackRock MuniYield Quality Fund III during the fourth quarter valued at approximately $43,000. Geneos Wealth Management Inc. raised its stake in shares of BlackRock MuniYield Quality Fund III by 803.9% during the first quarter. Geneos Wealth Management Inc. now owns 5,053 shares of the investment management company's stock valued at $56,000 after purchasing an additional 4,494 shares during the period. Finally, Plancorp LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund III during the first quarter worth approximately $110,000. 34.01% of the stock is owned by institutional investors and hedge funds.

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.

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