BlackRock Municipal Income Quality Trust (NYSE:BYM – Get Rating) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 46,200 shares, an increase of 132.2% from the March 31st total of 19,900 shares. Based on an average trading volume of 65,900 shares, the short-interest ratio is currently 0.7 days.
Shares of NYSE:BYM opened at $12.27 on Friday. BlackRock Municipal Income Quality Trust has a 12 month low of $12.14 and a 12 month high of $16.50. The company’s fifty day simple moving average is $13.16 and its 200 day simple moving average is $14.38.
The firm also recently declared a monthly dividend, which will be paid on Monday, May 2nd. Shareholders of record on Thursday, April 14th will be paid a $0.058 dividend. The ex-dividend date is Wednesday, April 13th. This represents a $0.70 annualized dividend and a yield of 5.67%.
About BlackRock Municipal Income Quality Trust (Get Rating)
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.
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