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) saw a significant decrease in short interest in 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 daily trading volume, of 221,600 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund III

Several large investors have recently modified their holdings of the stock. Stifel Financial Corp grew its holdings in BlackRock MuniYield Quality Fund III by 80.1% during the fourth quarter. Stifel Financial Corp now owns 1,122,786 shares of the investment management company's stock valued at $12,396,000 after purchasing an additional 499,426 shares during the period. Pathstone Holdings LLC lifted its position in shares of BlackRock MuniYield Quality Fund III by 25.3% during the 4th quarter. Pathstone Holdings LLC now owns 995,957 shares of the investment management company's stock valued at $11,046,000 after buying an additional 201,347 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of BlackRock MuniYield Quality Fund III by 19.6% during the 1st quarter. Raymond James Financial Inc. now owns 986,932 shares of the investment management company's stock worth $10,846,000 after acquiring an additional 162,048 shares during the period. Van ECK Associates Corp increased its holdings in BlackRock MuniYield Quality Fund III by 4.8% in the 4th quarter. Van ECK Associates Corp now owns 493,421 shares of the investment management company's stock worth $5,447,000 after acquiring an additional 22,585 shares during the last quarter. Finally, Sit Investment Associates Inc. increased its holdings in BlackRock MuniYield Quality Fund III by 21.4% in the 4th quarter. Sit Investment Associates Inc. now owns 316,454 shares of the investment management company's stock worth $3,494,000 after acquiring an additional 55,701 shares during the last quarter. Hedge funds and other institutional investors own 34.01% of the company's stock.

BlackRock MuniYield Quality Fund III Stock Performance

NYSE MYI remained flat at $10.42 during trading hours on Tuesday. 147,902 shares of the company were exchanged, compared to its average volume of 224,821. BlackRock MuniYield Quality Fund III has a 1-year low of $9.98 and a 1-year high of $12.07. The firm has a 50-day simple moving average of $10.48 and a 200 day simple moving average of $10.88.

BlackRock MuniYield Quality Fund III Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a dividend of $0.0555 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.39%. The ex-dividend date of this dividend is Friday, June 13th.

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.