BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY – Get Free Report) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 15,300 shares, a decrease of 45.4% from the February 13th total of 28,000 shares. Based on an average daily trading volume, of 61,700 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.
BlackRock MuniYield Michigan Quality Fund Stock Performance
NYSE MIY traded down $0.07 on Friday, reaching $11.47. The company’s stock had a trading volume of 53,005 shares, compared to its average volume of 56,013. The business has a 50-day moving average price of $11.54 and a 200 day moving average price of $11.67. BlackRock MuniYield Michigan Quality Fund has a 52 week low of $10.97 and a 52 week high of $12.11.
BlackRock MuniYield Michigan Quality Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.0545 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.65 dividend on an annualized basis and a yield of 5.70%.
Institutional Trading of BlackRock MuniYield Michigan Quality Fund
BlackRock MuniYield Michigan Quality Fund Company Profile
BlackRock MuniYield Michigan Quality Fund, Inc is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade, long-term municipal obligations exempt from federal income taxes and Michigan income taxes.
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