BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Get Free Report) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 126,200 shares, an increase of 79.0% from the March 31st total of 70,500 shares. Based on an average trading volume of 218,200 shares, the short-interest ratio is presently 0.6 days.
Institutional Investors Weigh In On BlackRock MuniYield Quality Fund III
Hedge funds have recently made changes to their positions in the company. Mesirow Financial Investment Management Inc. bought a new position in BlackRock MuniYield Quality Fund III in the first quarter worth approximately $1,151,000. Raymond James Financial Services Advisors Inc. raised its stake in BlackRock MuniYield Quality Fund III by 2.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 200,177 shares of the investment management company's stock worth $2,294,000 after acquiring an additional 4,151 shares during the last quarter. Raymond James & Associates raised its stake in BlackRock MuniYield Quality Fund III by 35.3% in the 1st quarter. Raymond James & Associates now owns 393,232 shares of the investment management company's stock worth $4,506,000 after acquiring an additional 102,598 shares during the last quarter. American National Bank purchased a new position in shares of BlackRock MuniYield Quality Fund III during the 1st quarter valued at about $53,000. Finally, Nomura Holdings Inc. purchased a new position in shares of BlackRock MuniYield Quality Fund III during the 4th quarter valued at about $242,000. 34.01% of the stock is currently owned by hedge funds and other institutional investors.
BlackRock MuniYield Quality Fund III Price Performance
Shares of NYSE MYI remained flat at $10.92 during mid-day trading on Friday. The stock had a trading volume of 128,087 shares, compared to its average volume of 205,563. The firm's 50 day simple moving average is $11.31 and its two-hundred day simple moving average is $10.98. BlackRock MuniYield Quality Fund III has a 1 year low of $9.32 and a 1 year high of $11.70.
BlackRock MuniYield Quality Fund III Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be given a $0.0555 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.10%.
About BlackRock MuniYield Quality Fund III
(
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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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