BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Short Interest Down 64.1% in October

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 33,700 shares, a drop of 64.1% from the October 15th total of 93,900 shares. Based on an average daily trading volume, of 223,000 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund III

A number of hedge funds and other institutional investors have recently made changes to their positions in MYI. International Assets Investment Management LLC purchased a new position in BlackRock MuniYield Quality Fund III during the second quarter valued at approximately $42,000. Larson Financial Group LLC grew its stake in BlackRock MuniYield Quality Fund III by 238.1% in the third quarter. Larson Financial Group LLC now owns 6,085 shares of the investment management company’s stock valued at $73,000 after purchasing an additional 4,285 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in BlackRock MuniYield Quality Fund III in the second quarter valued at about $80,000. Callan Family Office LLC bought a new position in BlackRock MuniYield Quality Fund III in the second quarter worth about $154,000. Finally, All Season Financial Advisors Inc. purchased a new stake in shares of BlackRock MuniYield Quality Fund III during the second quarter valued at about $156,000. Institutional investors own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Stock Performance

Shares of BlackRock MuniYield Quality Fund III stock traded up $0.02 on Wednesday, hitting $11.40. 129,195 shares of the company traded hands, compared to its average volume of 222,931. The stock’s 50 day moving average price is $11.69 and its 200-day moving average price is $11.40. BlackRock MuniYield Quality Fund III has a 52 week low of $10.19 and a 52 week high of $12.07.

BlackRock MuniYield Quality Fund III Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a $0.0555 dividend. This represents a $0.67 annualized dividend and a dividend yield of 5.84%. The ex-dividend date is Friday, November 15th.

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.