BlackRock MuniYield Michigan Quality Fund (MIY) Short Interest Ratio & Short Volume

Short interest is the volume of BlackRock MuniYield Michigan Quality Fund shares that have been sold short but have not yet been closed out or covered. As of November 15th, traders have sold 13,200 shares of MIY short. Learn More on BlackRock MuniYield Michigan Quality Fund's current short interest.

BlackRock MuniYield Michigan Quality Fund saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 13,200 shares, a drop of 2.2% from the previous total of 13,500 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the industry of "investment offices, not elsewhere classified" compare to BlackRock MuniYield Michigan Quality Fund: Tortoise Energy Infrastructure Co. (0.32%), DWS Municipal Income Trust (0.10%), abrdn Life Sciences Investors (0.36%), Source Capital, Inc. (0.19%), MFS Intermediate Income Trust (0.14%), Putnam Premier Income Trust (0.07%), Templeton Dragon Fund, Inc. (0.04%), Cohen & Steers Total Return Realty Fund, Inc. (0.47%), Putnam Managed Municipal Income Trust (0.17%), Liberty All-Star Growth Fund, Inc. (0.14%),

As of the most recent reporting period, the following stocks had the largest short interest positions: RTX Co. ($7.24 billion), T-Mobile US, Inc. ($4.02 billion), Charter Communications, Inc. ($3.72 billion), Occidental Petroleum Co. ($2.80 billion), Lululemon Athletica Inc. ($2.48 billion), Coinbase Global, Inc. ($2.38 billion), Tractor Supply ($2.35 billion), Rivian Automotive, Inc. ($1.79 billion), Royal Caribbean Cruises Ltd. ($1.73 billion), and Moderna, Inc. ($1.71 billion). View all of the most shorted stocks.

Short selling MIY is an investing strategy that aims to generate trading profit from BlackRock MuniYield Michigan Quality Fund as its price is falling. MIY shares are trading up $0.04 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for BlackRock MuniYield Michigan Quality Fund occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of MIY, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including MIY, twice per month. The most recent reporting period available is November, 15 2023.