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

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI – Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 274,845 shares, an increase of 342.8% from the August 15th total of 62,075 shares. Based on an average daily volume of 298,219 shares, the short-interest ratio is presently 0.9 days. Approximately 0.2% of the company’s shares are sold short.

BlackRock MuniYield Quality Fund III Trading Up 0.0%

MYI traded up $0.01 during trading on Friday, reaching $10.32. The company had a trading volume of 395,199 shares, compared to its average volume of 302,333. The firm’s 50-day simple moving average is $10.76 and its 200 day simple moving average is $10.86. BlackRock MuniYield Quality Fund III has a 12-month low of $10.26 and a 12-month high of $11.46.

Get BlackRock MuniYield Quality Fund III alerts:

BlackRock MuniYield Quality Fund III Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be given a $0.0555 dividend. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Friday, December 11th.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund III

A number of large investors have recently made changes to their positions in MYI. Geneos Wealth Management Inc. boosted its stake in BlackRock MuniYield Quality Fund III by 803.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 5,053 shares of the investment management company’s stock worth $56,000 after purchasing an additional 4,494 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of BlackRock MuniYield Quality Fund III by 1.4% in the second quarter. NewEdge Advisors LLC now owns 206,048 shares of the investment management company’s stock valued at $2,161,000 after purchasing an additional 2,822 shares in the last quarter. Karpus Management Inc. boosted its position in shares of BlackRock MuniYield Quality Fund III by 3.0% in the second quarter. Karpus Management Inc. now owns 327,800 shares of the investment management company’s stock worth $3,439,000 after buying an additional 9,600 shares during the period. Jane Street Group LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund III in the second quarter worth $373,000. Finally, Kim LLC boosted its position in shares of BlackRock MuniYield Quality Fund III by 1.1% in the second quarter. Kim LLC now owns 203,124 shares of the investment management company’s stock worth $2,131,000 after buying an additional 2,117 shares during the period. Institutional investors and hedge funds own 34.01% of the company’s stock.

About BlackRock MuniYield Quality Fund III

(Get Free Report)

BlackRock MuniYield Quality Fund III, Inc (NYSE: MYI) is a closed-end investment company that seeks to provide current income exempt from regular U.S. federal income tax. The fund invests primarily in a portfolio of municipal bonds and other municipal obligations issued by states, cities, counties, and related public entities.

The fund generally focuses on investment-grade municipal securities, although it may also invest in lower-rated obligations when permitted by its investment policies.

Featured Articles

• Five stocks we like better than BlackRock MuniYield Quality Fund III
• Why Bitcoin ETFs May Be Worth Another Look as Inflows Rebound
• 3 Small-Cap Biotechs With Binary Catalysts on the Calendar
• Planet Labs Has Fallen Back to Earth, But Wall Street Still Sees a Rebound
• As Homeowners’ Premiums Surge, This Insurer Is Posting Record Profits

Receive News & Ratings for BlackRock MuniYield Quality Fund III Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock MuniYield Quality Fund III and related companies with MarketBeat.com's FREE daily email newsletter.