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

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY – Get Free Report) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 111,165 shares, an increase of 136.3% from the August 31st total of 47,048 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 860,744 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund

A number of hedge funds have recently bought and sold shares of the company. Allied Private Wealth LLC bought a new stake in BlackRock MuniYield Quality Fund during the second quarter valued at $25,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of BlackRock MuniYield Quality Fund in the 2nd quarter worth about $27,000. Geneos Wealth Management Inc. bought a new position in shares of BlackRock MuniYield Quality Fund in the 1st quarter worth about $34,000. Ballast Advisors LLC acquired a new position in shares of BlackRock MuniYield Quality Fund in the 1st quarter valued at about $35,000. Finally, Fifth Third Bancorp acquired a new position in shares of BlackRock MuniYield Quality Fund in the 1st quarter valued at about $54,000. Institutional investors own 25.51% of the company’s stock.

BlackRock MuniYield Quality Fund Price Performance

NYSE:MQY opened at $9.99 on Tuesday. The company has a 50 day simple moving average of $10.95 and a two-hundred day simple moving average of $11.23. BlackRock MuniYield Quality Fund has a fifty-two week low of $9.90 and a fifty-two week high of $11.94.

BlackRock MuniYield Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be paid a $0.0580 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend is Friday, December 11th.

About BlackRock MuniYield Quality Fund

(Get Free Report)

BlackRock MuniYield Quality Fund, Inc is a closed-end management investment company listed on the New York Stock Exchange under the symbol MQY. The fund seeks to provide current income that is exempt from regular U.S. federal income tax by investing primarily in a portfolio of municipal obligations issued by states, territories, municipalities and other governmental entities.

The fund generally invests in longer-term municipal bonds and may allocate assets across various sectors of the municipal market, including essential-service areas such as education, health care, transportation, utilities and public infrastructure.

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