BlackRock Municipal Income Quality Trust (NYSE:BYM) Sees Significant Drop in Short Interest

BlackRock Municipal Income Quality Trust (NYSE:BYM) saw a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 10,700 shares, a decrease of 54.1% from the November 15th total of 23,300 shares. Based on an average daily volume of 61,800 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC raised its position in BlackRock Municipal Income Quality Trust by 225.4% during the third quarter. Larson Financial Group LLC now owns 9,438 shares of the company’s stock valued at $114,000 after purchasing an additional 6,538 shares in the last quarter. Pathway Financial Advisers LLC increased its position in shares of BlackRock Municipal Income Quality Trust by 1,104.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 5,888 shares of the company’s stock valued at $71,000 after purchasing an additional 5,399 shares during the last quarter. Fortitude Family Office LLC purchased a new position in shares of BlackRock Municipal Income Quality Trust during the 3rd quarter valued at about $120,000. Hennion & Walsh Asset Management Inc. lifted its position in BlackRock Municipal Income Quality Trust by 60.7% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 482,081 shares of the company’s stock worth $5,804,000 after buying an additional 182,054 shares during the last quarter. Finally, Melone Private Wealth LLC boosted its stake in BlackRock Municipal Income Quality Trust by 0.9% in the third quarter. Melone Private Wealth LLC now owns 168,883 shares of the company’s stock worth $2,033,000 after buying an additional 1,488 shares in the last quarter.

BlackRock Municipal Income Quality Trust Trading Down 1.4 %

BYM traded down $0.16 on Friday, reaching $11.42. The company had a trading volume of 116,938 shares, compared to its average volume of 57,245. BlackRock Municipal Income Quality Trust has a 52-week low of $10.78 and a 52-week high of $12.38. The business has a 50 day simple moving average of $11.61 and a 200 day simple moving average of $11.66.

BlackRock Municipal Income Quality Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.0555 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date is Monday, December 16th.

BlackRock Municipal Income Quality Trust Company Profile

BlackRock Municipal Income Quality Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds exempt from federal income taxes, including the alternative minimum tax.