Short Interest in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) Declines By 69.2%

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY - Get Free Report) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totalling 38,500 shares, a drop of 69.2% from the March 31st total of 124,800 shares. Based on an average daily volume of 187,700 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund

A number of hedge funds have recently added to or reduced their stakes in MQY. Stifel Financial Corp acquired a new position in shares of BlackRock MuniYield Quality Fund during the third quarter worth approximately $187,000. Hennion & Walsh Asset Management Inc. raised its position in BlackRock MuniYield Quality Fund by 35.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 934,768 shares of the financial services provider's stock worth $10,769,000 after purchasing an additional 242,500 shares during the last quarter. Simon Quick Advisors LLC lifted its holdings in BlackRock MuniYield Quality Fund by 7.7% during the 4th quarter. Simon Quick Advisors LLC now owns 15,195 shares of the financial services provider's stock worth $175,000 after buying an additional 1,088 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in BlackRock MuniYield Quality Fund by 10.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 163,262 shares of the financial services provider's stock valued at $1,881,000 after buying an additional 15,341 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new stake in shares of BlackRock MuniYield Quality Fund in the 4th quarter valued at $29,000. Institutional investors own 25.51% of the company's stock.

BlackRock MuniYield Quality Fund Trading Up 0.4 %

MQY traded up $0.05 during trading on Friday, hitting $11.22. The company's stock had a trading volume of 191,857 shares, compared to its average volume of 180,891. The firm's 50 day moving average price is $11.45 and its two-hundred day moving average price is $11.93. BlackRock MuniYield Quality Fund has a 12 month low of $10.52 and a 12 month high of $13.29.

BlackRock MuniYield Quality Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, May 1st. Investors of record on Tuesday, April 15th were issued a $0.058 dividend. The ex-dividend date was Tuesday, April 15th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.20%.

BlackRock MuniYield Quality Fund Company Profile

BlackRock MuniYield Quality Fund, Inc is a close 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 in long-term municipal obligations the interest on which is exempt from federal income taxes. The fund also invests in short-term securities.