Short Interest in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Declines By 36.3%

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) was the target of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 41,500 shares, a drop of 36.3% from the January 31st total of 65,200 shares. Based on an average daily trading volume, of 252,600 shares, the short-interest ratio is currently 0.2 days.

BlackRock MuniYield Quality Fund III Stock Down 0.0 %

MYI traded down $0.01 during midday trading on Tuesday, reaching $11.22. 62,330 shares of the company’s stock were exchanged, compared to its average volume of 222,944. BlackRock MuniYield Quality Fund III has a one year low of $10.83 and a one year high of $12.07. The business has a 50-day simple moving average of $11.11 and a two-hundred day simple moving average of $11.40.

BlackRock MuniYield Quality Fund III Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a dividend of $0.0555 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.67 dividend on an annualized basis and a yield of 5.94%.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund III

Large investors have recently bought and sold shares of the business. TrinityPoint Wealth LLC grew its holdings in BlackRock MuniYield Quality Fund III by 3.2% during the fourth quarter. TrinityPoint Wealth LLC now owns 91,560 shares of the investment management company’s stock valued at $1,011,000 after purchasing an additional 2,880 shares during the period. Pathstone Holdings LLC grew its holdings in shares of BlackRock MuniYield Quality Fund III by 25.3% during the fourth quarter. Pathstone Holdings LLC now owns 995,957 shares of the investment management company’s stock worth $11,046,000 after buying an additional 201,347 shares in the last quarter. Nomura Holdings Inc. bought a new stake in BlackRock MuniYield Quality Fund III in the 4th quarter valued at approximately $423,000. Citadel Advisors LLC acquired a new position in BlackRock MuniYield Quality Fund III during the 4th quarter worth approximately $131,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of BlackRock MuniYield Quality Fund III during the 4th quarter worth approximately $245,000. 34.01% of the stock is currently owned by institutional investors and hedge funds.

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.