BlackRock Municipal Income Quality Trust (NYSE:BYM) Short Interest Update

BlackRock Municipal Income Quality Trust (NYSE:BYMGet 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%.

Hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC increased its stake in BlackRock Municipal Income Quality Trust by 19.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 32,942 shares of the company’s stock valued at $502,000 after buying an additional 5,270 shares during the last quarter. Melone Private Wealth LLC acquired a new stake in BlackRock Municipal Income Quality Trust in the 4th quarter valued at $1,504,000. Guggenheim Capital LLC increased its stake in BlackRock Municipal Income Quality Trust by 19.0% in the 3rd quarter. Guggenheim Capital LLC now owns 551,815 shares of the company’s stock valued at $8,421,000 after buying an additional 88,165 shares during the last quarter. BOKF NA acquired a new stake in BlackRock Municipal Income Quality Trust in the 3rd quarter valued at $214,000. Finally, GFG Capital LLC acquired a new stake in BlackRock Municipal Income Quality Trust in the 1st quarter valued at $185,000.

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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