Short Interest in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) Expands By 110.8%

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY - Get Free Report) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 124,800 shares, an increase of 110.8% from the March 15th total of 59,200 shares. Based on an average trading volume of 189,100 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund

A number of large investors have recently modified their holdings of the business. Van ECK Associates Corp raised its holdings in BlackRock MuniYield Quality Fund by 6.1% in the 4th quarter. Van ECK Associates Corp now owns 430,019 shares of the financial services provider's stock valued at $4,954,000 after acquiring an additional 24,874 shares during the period. Raymond James Financial Inc. bought a new position in shares of BlackRock MuniYield Quality Fund in the 4th quarter valued at $2,558,000. Stifel Financial Corp bought a new position in shares of BlackRock MuniYield Quality Fund in the third quarter worth about $187,000. Commonwealth Equity Services LLC increased its holdings in shares of BlackRock MuniYield Quality Fund by 18.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 111,109 shares of the financial services provider's stock worth $1,280,000 after buying an additional 17,470 shares in the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of BlackRock MuniYield Quality Fund during the fourth quarter valued at about $132,000. 25.51% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund Stock Performance

Shares of BlackRock MuniYield Quality Fund stock traded down $0.23 on Monday, hitting $10.69. 287,020 shares of the company's stock traded hands, compared to its average volume of 193,585. The firm's 50-day moving average price is $11.62 and its two-hundred day moving average price is $12.04. BlackRock MuniYield Quality Fund has a one year low of $10.52 and a one year high of $13.29.

BlackRock MuniYield Quality Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.058 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.70 annualized dividend and a dividend yield of 6.51%.

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.