Short Interest in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) Drops By 50.5%

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 97,472 shares, a decline of 50.5% from the July 15th total of 197,063 shares. Based on an average daily volume of 358,438 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

BlackRock MuniYield Quality Fund Trading Down 0.4%

NYSE:MQY traded down $0.04 on Friday, hitting $11.31. The stock had a trading volume of 454,804 shares, compared to its average volume of 368,393. BlackRock MuniYield Quality Fund has a 1 year low of $10.84 and a 1 year high of $11.94. The firm’s fifty day simple moving average is $11.43 and its two-hundred day simple moving average is $11.44.

BlackRock MuniYield Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a $0.058 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 6.2%.

Institutional Trading of BlackRock MuniYield Quality Fund

A number of hedge funds have recently bought and sold shares of MQY. Sanctuary Advisors LLC purchased a new position in BlackRock MuniYield Quality Fund in the second quarter worth $351,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund during the 2nd quarter valued at $528,000. Commerce Bank purchased a new stake in shares of BlackRock MuniYield Quality Fund during the 2nd quarter valued at $111,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of BlackRock MuniYield Quality Fund during the 2nd quarter worth $25,000. Finally, OneAscent Financial Services LLC purchased a new position in shares of BlackRock MuniYield Quality Fund in the 2nd quarter worth about $205,000. 25.51% of the stock is currently owned by institutional investors.

BlackRock MuniYield Quality Fund Company Profile

BlackRock MuniYield Quality Fund (NYSE: MQY) is a closed-end investment company that seeks to provide shareholders with a high level of current income exempt from federal income tax. The fund pursues its objective by investing primarily in a diversified portfolio of investment-grade municipal securities, including bonds issued by states, municipalities and their agencies across the United States. MQY may employ leverage to enhance income, in line with its stated risk and return objectives.

As part of BlackRock’s suite of municipal bond offerings, MQY benefits from the firm’s municipal fixed-income research, trading capabilities and credit analysis.