BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Sees Significant Decrease in Short Interest

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 21,900 shares, a decline of 17.0% from the November 30th total of 26,400 shares. Based on an average daily trading volume, of 254,200 shares, the days-to-cover ratio is presently 0.1 days.

BlackRock MuniYield Quality Fund III Stock Performance

Shares of NYSE:MYI traded up $0.17 during mid-day trading on Friday, reaching $11.12. The stock had a trading volume of 758,140 shares, compared to its average volume of 232,452. BlackRock MuniYield Quality Fund III has a twelve month low of $10.83 and a twelve month high of $12.07. The firm has a 50 day simple moving average of $11.33 and a two-hundred day simple moving average of $11.46.

BlackRock MuniYield Quality Fund III Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.0555 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.67 annualized dividend and a yield of 5.99%.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund III

Several large investors have recently modified their holdings of MYI. International Assets Investment Management LLC acquired a new position in shares of BlackRock MuniYield Quality Fund III in the 2nd quarter valued at approximately $42,000. Rothschild Investment LLC acquired a new stake in BlackRock MuniYield Quality Fund III in the 2nd quarter valued at $252,000. Commonwealth Equity Services LLC boosted its stake in shares of BlackRock MuniYield Quality Fund III by 30.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 73,825 shares of the investment management company’s stock worth $825,000 after buying an additional 17,127 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of BlackRock MuniYield Quality Fund III by 17.9% in the 2nd quarter. Van ECK Associates Corp now owns 492,047 shares of the investment management company’s stock valued at $5,501,000 after acquiring an additional 74,557 shares in the last quarter. Finally, Wolverine Asset Management LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund III in the second quarter valued at about $80,000. 34.01% of the stock is currently owned by institutional investors.

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.