BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Short Interest Update

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 190,800 shares, a growth of 771.2% from the December 15th total of 21,900 shares. Based on an average daily volume of 274,700 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Larson Financial Group LLC grew its position 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 in the last quarter. Icon Wealth Advisors LLC acquired a new position in shares of BlackRock MuniYield Quality Fund III during the 3rd quarter worth about $104,000. Cresta Advisors Ltd. bought a new position in shares of BlackRock MuniYield Quality Fund III in the 3rd quarter valued at about $204,000. US Bancorp DE grew its holdings in shares of BlackRock MuniYield Quality Fund III by 49.8% in the 3rd quarter. US Bancorp DE now owns 25,183 shares of the investment management company’s stock valued at $302,000 after acquiring an additional 8,370 shares in the last quarter. Finally, First Western Trust Bank acquired a new stake in shares of BlackRock MuniYield Quality Fund III in the third quarter valued at about $471,000. 34.01% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund III Stock Down 0.4 %

Shares of MYI stock traded down $0.04 during trading hours on Monday, hitting $10.86. 210,235 shares of the company were exchanged, compared to its average volume of 177,091. BlackRock MuniYield Quality Fund III has a 52 week low of $10.83 and a 52 week high of $12.07. The business has a 50 day moving average of $11.25 and a two-hundred day moving average of $11.45.

BlackRock MuniYield Quality Fund III Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be paid a $0.0555 dividend. This represents a $0.67 annualized dividend and a dividend yield of 6.13%. The ex-dividend date of this dividend is Wednesday, January 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.