Short Interest in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) Decreases By 50.5%

Key Points

• Short interest plunged 50.5% to 97,472 shares as of July 31, representing roughly 0.1% of MQY’s outstanding stock and only 0.3 days of average trading volume.
• Institutional investors own 25.51% of the fund, with several wealth-management firms establishing new positions during recent quarters.
• MQY shares fell 0.4% to $11.31, while the fund announced a $0.058 monthly dividend, equivalent to an annualized yield of approximately 6.2%.

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY - Get Free Report) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 97,472 shares, a drop of 50.5% from the July 15th total of 197,063 shares. Approximately 0.1% of the company's stock are sold short. Based on an average daily trading volume, of 358,438 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Allied Private Wealth LLC bought a new stake in BlackRock MuniYield Quality Fund during the second quarter worth $25,000. Northwestern Mutual Wealth Management Co. bought a new position in BlackRock MuniYield Quality Fund during the 2nd quarter valued at $25,000. Global Retirement Partners LLC purchased a new position in BlackRock MuniYield Quality Fund during the 4th quarter worth $32,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of BlackRock MuniYield Quality Fund in the 4th quarter worth $32,000. Finally, Geneos Wealth Management Inc. bought a new stake in shares of BlackRock MuniYield Quality Fund in the 1st quarter worth $34,000. Institutional investors own 25.51% of the company's stock.

BlackRock MuniYield Quality Fund Trading Down 0.4%

Shares of NYSE MQY traded down $0.04 during midday trading on Friday, hitting $11.31. 454,804 shares of the stock traded hands, compared to its average volume of 368,393. BlackRock MuniYield Quality Fund has a one year low of $10.84 and a one year high of $11.94. The business has a 50 day moving average price of $11.43 and a two-hundred day moving average price of $11.44.

BlackRock MuniYield Quality Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a $0.058 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Tuesday, September 15th.

BlackRock MuniYield Quality Fund Company Profile

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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