BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Sees Large Growth in Short Interest

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 126,200 shares, an increase of 79.0% from the March 31st total of 70,500 shares. Based on an average daily volume of 218,200 shares, the short-interest ratio is presently 0.6 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. Atria Wealth Solutions Inc. raised its stake in BlackRock MuniYield Quality Fund III by 4.8% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 35,629 shares of the investment management company’s stock worth $342,000 after acquiring an additional 1,625 shares during the last quarter. AdvisorNet Financial Inc raised its stake in BlackRock MuniYield Quality Fund III by 123.6% in the 4th quarter. AdvisorNet Financial Inc now owns 3,437 shares of the investment management company’s stock worth $40,000 after acquiring an additional 1,900 shares during the last quarter. Drive Wealth Management LLC raised its stake in BlackRock MuniYield Quality Fund III by 9.5% in the 4th quarter. Drive Wealth Management LLC now owns 25,375 shares of the investment management company’s stock worth $295,000 after acquiring an additional 2,200 shares during the last quarter. Anchor Investment Management LLC purchased a new position in BlackRock MuniYield Quality Fund III in the 4th quarter worth $38,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in BlackRock MuniYield Quality Fund III by 2.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 200,177 shares of the investment management company’s stock worth $2,294,000 after acquiring an additional 4,151 shares during the last quarter. Hedge funds and other institutional investors own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Stock Performance

Shares of MYI opened at $10.92 on Friday. BlackRock MuniYield Quality Fund III has a 12 month low of $9.32 and a 12 month high of $11.70. The stock has a fifty day moving average price of $11.31 and a 200-day moving average price of $10.97.

BlackRock MuniYield Quality Fund III Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a dividend of $0.0555 per share. The ex-dividend date is Friday, April 12th. This represents a $0.67 annualized dividend and a dividend yield of 6.10%.

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.