BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Short Interest Down 44.4% in April

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Get Free Report) saw a significant decrease in short interest in April. As of April 15th, there was short interest totalling 69,900 shares, a decrease of 44.4% from the March 31st total of 125,700 shares. Based on an average daily volume of 227,300 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. American National Bank & Trust bought a new stake in BlackRock MuniYield Quality Fund III during the first quarter worth approximately $38,000. Creative Financial Designs Inc. ADV acquired a new position in shares of BlackRock MuniYield Quality Fund III during the 4th quarter valued at $43,000. Citadel Advisors LLC bought a new stake in shares of BlackRock MuniYield Quality Fund III in the 4th quarter worth $131,000. Two Sigma Securities LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund III in the fourth quarter valued at $141,000. Finally, CX Institutional bought a new position in BlackRock MuniYield Quality Fund III during the first quarter valued at about $154,000. 34.01% of the stock is currently owned by institutional investors.

BlackRock MuniYield Quality Fund III Price Performance

Shares of NYSE MYI traded up $0.06 during midday trading on Friday, reaching $10.66. 210,429 shares of the company traded hands, compared to its average volume of 229,957. The stock has a 50-day moving average price of $10.77 and a 200 day moving average price of $11.08. BlackRock MuniYield Quality Fund III has a 52 week low of $9.98 and a 52 week high of $12.07.

BlackRock MuniYield Quality Fund III Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th were given a dividend of $0.0555 per share. The ex-dividend date was Tuesday, April 15th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.25%.

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.