BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Stock Short Interest Falls 55.1%

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 109,476 shares, a drop of 55.1% from the September 30th total of 243,845 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 1,223,183 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of BlackRock MuniYield Quality Fund III

Institutional investors have recently bought and sold shares of the stock. Rivernorth Capital Management LLC increased its position in BlackRock MuniYield Quality Fund III by 200.0% during the first quarter. Rivernorth Capital Management LLC now owns 5,254,333 shares of the investment management company’s stock valued at $55,223,000 after acquiring an additional 3,502,884 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of BlackRock MuniYield Quality Fund III in the second quarter valued at $16,031,000. Van ECK Associates Corp lifted its holdings in shares of BlackRock MuniYield Quality Fund III by 2.6% in the 2nd quarter. Van ECK Associates Corp now owns 973,208 shares of the investment management company’s stock worth $10,812,000 after acquiring an additional 24,636 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of BlackRock MuniYield Quality Fund III by 298.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 537,780 shares of the investment management company’s stock worth $5,652,000 after acquiring an additional 402,688 shares during the last quarter. Finally, Rareview Capital LLC lifted its holdings in shares of BlackRock MuniYield Quality Fund III by 22.1% in the 1st quarter. Rareview Capital LLC now owns 461,043 shares of the investment management company’s stock worth $4,836,000 after acquiring an additional 83,565 shares during the last quarter. 34.01% of the stock is currently owned by institutional investors.

BlackRock MuniYield Quality Fund III Trading Up 0.3%

MYI stock traded up $0.03 during midday trading on Friday, reaching $10.13. 491,831 shares of the company traded hands, compared to its average volume of 1,219,570. BlackRock MuniYield Quality Fund III has a 52-week low of $9.37 and a 52-week high of $11.46. The business has a 50 day moving average of $10.05 and a 200-day moving average of $10.72.

BlackRock MuniYield Quality Fund III Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be given a dividend of $0.0555 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.67 annualized dividend and a dividend yield of 6.6%.

About BlackRock MuniYield Quality Fund III

BlackRock MuniYield Quality Fund III, Inc (NYSE: MYI) is a closed-end investment company that seeks to provide current income that is exempt from regular U.S. federal income tax. The fund primarily invests in municipal obligations issued by states, territories, and local governments, as well as related public authorities.

The fund’s portfolio may include tax-exempt bonds and other municipal securities used to finance public infrastructure and services, such as schools, transportation systems, utilities, and healthcare facilities.