BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) Sees Large Increase in Short Interest

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 413,778 shares, a growth of 272.2% from the September 15th total of 111,165 shares. Based on an average daily trading volume, of 1,205,445 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its holdings in BlackRock MuniYield Quality Fund by 3.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 30,080 shares of the financial services provider’s stock worth $299,000 after acquiring an additional 1,132 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in BlackRock MuniYield Quality Fund by 117.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,321 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,255 shares during the period. Allied Private Wealth LLC bought a new position in BlackRock MuniYield Quality Fund in the 2nd quarter valued at $25,000. World Investment Advisors boosted its holdings in BlackRock MuniYield Quality Fund by 19.3% in the 4th quarter. World Investment Advisors now owns 13,512 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 2,190 shares during the period. Finally, Geneos Wealth Management Inc. bought a new position in BlackRock MuniYield Quality Fund in the 1st quarter valued at $34,000. Institutional investors own 25.51% of the company’s stock.

BlackRock MuniYield Quality Fund Price Performance

Shares of MQY opened at $9.88 on Tuesday. The business has a 50-day moving average of $10.68 and a 200 day moving average of $11.13. BlackRock MuniYield Quality Fund has a fifty-two week low of $9.66 and a fifty-two week high of $11.94.

BlackRock MuniYield Quality Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be issued a dividend of $0.0580 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.70 annualized dividend and a yield of 7.0%.

About BlackRock MuniYield Quality Fund

BlackRock MuniYield Quality Fund, Inc (NYSE: MQY) is a closed-end investment fund managed by BlackRock Advisors, LLC. The fund seeks to provide current income that is exempt from regular U.S. federal income tax, with capital appreciation as a secondary objective.

The fund invests primarily in long-term municipal obligations issued by states, municipalities, and other governmental entities throughout the United States. Its portfolio may include general obligation bonds, revenue bonds, and other tax-exempt securities used to finance public infrastructure and services.

As a national municipal bond fund, BlackRock MuniYield Quality Fund generally invests across multiple U.S.