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

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

BlackRock MuniYield Quality Fund III Stock Up 0.0 %

MYI stock traded up $0.01 on Tuesday, hitting $10.49. The company's stock had a trading volume of 176,045 shares, compared to its average volume of 229,479. The firm has a 50 day moving average of $10.82 and a two-hundred day moving average of $11.11. BlackRock MuniYield Quality Fund III has a 1 year low of $9.98 and a 1 year high of $12.07.

BlackRock MuniYield Quality Fund III Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.0555 per share. This represents a $0.67 annualized dividend and a yield of 6.35%. The ex-dividend date is Tuesday, April 15th.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund III

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

BlackRock MuniYield Quality Fund III Company Profile

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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