BlackRock Municipal Income Quality Trust (NYSE:BYM) Sees Significant Drop in Short Interest

BlackRock Municipal Income Quality Trust (NYSE:BYMGet Free Report) saw a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 25,100 shares, a decrease of 45.1% from the January 15th total of 45,700 shares. Based on an average daily volume of 94,800 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On BlackRock Municipal Income Quality Trust

Several large investors have recently made changes to their positions in BYM. Cullen Frost Bankers Inc. bought a new stake in shares of BlackRock Municipal Income Quality Trust in the 2nd quarter valued at approximately $37,000. Simon Quick Advisors LLC bought a new stake in BlackRock Municipal Income Quality Trust during the third quarter worth approximately $108,000. B. Riley Wealth Advisors Inc. bought a new stake in BlackRock Municipal Income Quality Trust during the second quarter worth approximately $114,000. Moody National Bank Trust Division acquired a new position in shares of BlackRock Municipal Income Quality Trust during the fourth quarter worth approximately $121,000. Finally, Virtu Financial LLC acquired a new position in shares of BlackRock Municipal Income Quality Trust during the fourth quarter worth approximately $122,000.

BlackRock Municipal Income Quality Trust Stock Performance

Shares of BYM opened at $11.40 on Tuesday. BlackRock Municipal Income Quality Trust has a fifty-two week low of $9.30 and a fifty-two week high of $12.00. The business’s 50-day moving average is $11.22 and its 200-day moving average is $10.62.

BlackRock Municipal Income Quality Trust Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a $0.052 dividend. This is a boost from BlackRock Municipal Income Quality Trust’s previous monthly dividend of $0.04. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.62 annualized dividend and a dividend yield of 5.47%.

BlackRock Municipal Income Quality Trust Company Profile

(Get Free Report)

BlackRock Municipal Income Quality Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds exempt from federal income taxes, including the alternative minimum tax.

Further Reading

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