Short Interest in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Increases By 342.8%

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 274,845 shares, a growth of 342.8% from the August 15th total of 62,075 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 298,219 shares, the short-interest ratio is presently 0.9 days.

Institutional Trading of BlackRock MuniYield Quality Fund III

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. boosted its holdings in BlackRock MuniYield Quality Fund III by 803.9% during the first quarter. Geneos Wealth Management Inc. now owns 5,053 shares of the investment management company’s stock worth $56,000 after purchasing an additional 4,494 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of BlackRock MuniYield Quality Fund III by 1.4% during the 2nd quarter. NewEdge Advisors LLC now owns 206,048 shares of the investment management company’s stock worth $2,161,000 after buying an additional 2,822 shares during the last quarter. Karpus Management Inc. grew its holdings in shares of BlackRock MuniYield Quality Fund III by 3.0% in the 2nd quarter. Karpus Management Inc. now owns 327,800 shares of the investment management company’s stock valued at $3,439,000 after acquiring an additional 9,600 shares in the last quarter. Jane Street Group LLC bought a new position in shares of BlackRock MuniYield Quality Fund III in the 2nd quarter valued at about $373,000. Finally, Kim LLC increased its position in shares of BlackRock MuniYield Quality Fund III by 1.1% in the second quarter. Kim LLC now owns 203,124 shares of the investment management company’s stock valued at $2,131,000 after acquiring an additional 2,117 shares during the last quarter. 34.01% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund III Trading Up 0.0%

NYSE:MYI opened at $10.32 on Friday. The stock has a 50-day simple moving average of $10.76 and a 200 day simple moving average of $10.86. BlackRock MuniYield Quality Fund III has a 52-week low of $10.26 and a 52-week high of $11.46.

BlackRock MuniYield Quality Fund III Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be given a dividend of $0.0555 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a c) dividend on an annualized basis and a yield of 6.5%.

About BlackRock MuniYield Quality Fund III

BlackRock MuniYield Quality Fund III (NYSE: MYI) is a closed-end management investment company that seeks to provide investors with a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including bonds, notes and other debt obligations issued by state and local governments, agencies and authorities across the United States.

In managing its portfolio, the fund generally allocates at least 80% of its total assets to investment-grade municipal debt instruments.