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

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYIGet Free Report) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 352,300 shares, a decline of 32.3% from the December 31st total of 520,000 shares. Based on an average daily volume of 321,500 shares, the short-interest ratio is presently 1.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new position in BlackRock MuniYield Quality Fund III in the third quarter valued at about $35,000. Anchor Investment Management LLC bought a new stake in shares of BlackRock MuniYield Quality Fund III in the fourth quarter valued at about $38,000. AdvisorNet Financial Inc lifted its holdings in shares of BlackRock MuniYield Quality Fund III by 123.6% in the fourth quarter. AdvisorNet Financial Inc now owns 3,437 shares of the investment management company’s stock valued at $40,000 after purchasing an additional 1,900 shares in the last quarter. American National Bank lifted its holdings in shares of BlackRock MuniYield Quality Fund III by 290.4% in the third quarter. American National Bank now owns 10,490 shares of the investment management company’s stock valued at $100,000 after purchasing an additional 7,803 shares in the last quarter. Finally, MML Investors Services LLC bought a new stake in shares of BlackRock MuniYield Quality Fund III in the third quarter valued at about $105,000. 34.31% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund III Stock Down 1.2 %

Shares of BlackRock MuniYield Quality Fund III stock traded down $0.13 during trading on Friday, reaching $11.15. 274,983 shares of the company were exchanged, compared to its average volume of 303,171. BlackRock MuniYield Quality Fund III has a twelve month low of $9.32 and a twelve month high of $11.70. The business has a 50-day moving average price of $11.21 and a 200-day moving average price of $10.57.

BlackRock MuniYield Quality Fund III Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a $0.0555 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a yield of 5.97%.

BlackRock MuniYield Quality Fund III Company Profile

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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.

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