BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Short Interest Update

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 21,900 shares, a decrease of 17.0% from the November 30th total of 26,400 shares. Based on an average trading volume of 254,200 shares, the days-to-cover ratio is currently 0.1 days.

BlackRock MuniYield Quality Fund III Trading Up 0.1 %

NYSE MYI traded up $0.01 on Tuesday, hitting $10.96. 266,308 shares of the stock were exchanged, compared to its average volume of 233,462. The company’s 50-day moving average price is $11.31 and its two-hundred day moving average price is $11.46. BlackRock MuniYield Quality Fund III has a 52-week low of $10.83 and a 52-week high of $12.07.

BlackRock MuniYield Quality Fund III Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.0555 per share. This represents a $0.67 annualized dividend and a yield of 6.08%. The ex-dividend date is Monday, December 16th.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund III

Several hedge funds have recently bought and sold shares of the business. Stifel Financial Corp increased its holdings in shares of BlackRock MuniYield Quality Fund III by 40.0% in the 3rd quarter. Stifel Financial Corp now owns 623,360 shares of the investment management company’s stock valued at $7,480,000 after purchasing an additional 177,997 shares during the period. US Bancorp DE increased its stake in BlackRock MuniYield Quality Fund III by 49.8% in the 3rd quarter. US Bancorp DE now owns 25,183 shares of the investment management company’s stock valued at $302,000 after buying an additional 8,370 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in shares of BlackRock MuniYield Quality Fund III by 11.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 986,901 shares of the investment management company’s stock valued at $11,843,000 after buying an additional 104,304 shares during the period. Eastern Bank acquired a new stake in shares of BlackRock MuniYield Quality Fund III during the 3rd quarter valued at $1,282,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of BlackRock MuniYield Quality Fund III in the second quarter worth $502,000. 34.01% of the stock is 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.