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

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 65,200 shares, a decline of 25.9% from the January 15th total of 88,000 shares. Based on an average daily volume of 251,600 shares, the days-to-cover ratio is presently 0.3 days.

BlackRock MuniYield Quality Fund III Trading Up 0.1 %

Shares of MYI stock traded up $0.02 during trading hours on Friday, hitting $11.13. The stock had a trading volume of 211,503 shares, compared to its average volume of 173,002. BlackRock MuniYield Quality Fund III has a one year low of $10.83 and a one year high of $12.07. The stock’s 50-day moving average price is $11.12 and its two-hundred day moving average price is $11.43.

BlackRock MuniYield Quality Fund III Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of $0.0555 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.67 annualized dividend and a dividend yield of 5.99%.

Institutional Trading of BlackRock MuniYield Quality Fund III

Large investors have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV purchased a new stake in shares of BlackRock MuniYield Quality Fund III during the 4th quarter valued at $245,000. Two Sigma Securities LLC acquired a new stake in BlackRock MuniYield Quality Fund III during the 4th quarter worth about $141,000. Stifel Financial Corp grew its position in shares of BlackRock MuniYield Quality Fund III by 80.1% during the 4th quarter. Stifel Financial Corp now owns 1,122,786 shares of the investment management company’s stock valued at $12,396,000 after acquiring an additional 499,426 shares during the period. NewEdge Advisors LLC grew its position in shares of BlackRock MuniYield Quality Fund III by 4.2% during the 4th quarter. NewEdge Advisors LLC now owns 194,541 shares of the investment management company’s stock valued at $2,148,000 after acquiring an additional 7,794 shares during the period. Finally, Broyhill Asset Management acquired a new stake in shares of BlackRock MuniYield Quality Fund III during the 4th quarter valued at about $185,000. Hedge funds and other institutional investors own 34.01% of the company’s stock.

About BlackRock MuniYield Quality Fund III

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.