BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) Short Interest Update

Key Points

• Short interest fell 35.4% to 62,925 shares as of August 14, down from 97,472 shares on July 30. Short interest represented 0.0% of outstanding shares, with a short-interest ratio of 0.2 days.
• MQY shares traded at $10.98, near the lower end of their 52-week range of $10.84 to $11.94. The fund declared a monthly dividend of $0.058 per share, implying a 6.3% annualized yield.
• Institutional investors own 25.51% of the fund, with RiverNorth Capital Management increasing its position by 223.8% during the first quarter.

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY - Get Free Report) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 62,925 shares, a decline of 35.4% from the July 30th total of 97,472 shares. Based on an average daily volume of 384,352 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company's stock are sold short.

BlackRock MuniYield Quality Fund Stock Performance

BlackRock MuniYield Quality Fund stock traded down $0.08 during trading hours on Tuesday, reaching $10.98. The stock had a trading volume of 607,688 shares, compared to its average volume of 361,428. The business's 50 day moving average price is $11.37 and its 200-day moving average price is $11.40. BlackRock MuniYield Quality Fund has a 52 week low of $10.84 and a 52 week high of $11.94.

BlackRock MuniYield Quality Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a dividend of $0.058 per share. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Tuesday, September 15th.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Rivernorth Capital Management LLC increased its position in shares of BlackRock MuniYield Quality Fund by 223.8% during the first quarter. Rivernorth Capital Management LLC now owns 7,899,355 shares of the financial services provider's stock worth $86,735,000 after purchasing an additional 5,459,910 shares in the last quarter. Bank of America Corp DE purchased a new position in BlackRock MuniYield Quality Fund during the 2nd quarter worth $21,090,000. Guggenheim Capital LLC grew its stake in BlackRock MuniYield Quality Fund by 3.0% during the 4th quarter. Guggenheim Capital LLC now owns 1,557,152 shares of the financial services provider's stock worth $17,596,000 after buying an additional 45,356 shares during the last quarter. Van ECK Associates Corp increased its position in BlackRock MuniYield Quality Fund by 2.6% during the 2nd quarter. Van ECK Associates Corp now owns 1,194,747 shares of the financial services provider's stock valued at $13,859,000 after buying an additional 30,234 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in BlackRock MuniYield Quality Fund by 6.3% during the 4th quarter. Wells Fargo & Company MN now owns 930,683 shares of the financial services provider's stock valued at $10,517,000 after buying an additional 54,787 shares in the last quarter. 25.51% of the stock is owned by hedge funds and other institutional investors.

About BlackRock MuniYield Quality Fund

BlackRock MuniYield Quality Fund NYSE: MQY is a closed-end investment company that seeks to provide shareholders with a high level of current income exempt from federal income tax. The fund pursues its objective by investing primarily in a diversified portfolio of investment-grade municipal securities, including bonds issued by states, municipalities and their agencies across the United States. MQY may employ leverage to enhance income, in line with its stated risk and return objectives.

As part of BlackRock’s suite of municipal bond offerings, MQY benefits from the firm’s municipal fixed-income research, trading capabilities and credit analysis.

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