Short Interest in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Expands By 457.9%

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYIGet Rating) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 152,300 shares, a growth of 457.9% from the April 15th total of 27,300 shares. Based on an average daily volume of 210,500 shares, the days-to-cover ratio is currently 0.7 days.

A number of large investors have recently bought and sold shares of the business. Private Advisor Group LLC raised its holdings in shares of BlackRock MuniYield Quality Fund III by 84.5% in the 1st quarter. Private Advisor Group LLC now owns 18,726 shares of the investment management company’s stock valued at $235,000 after buying an additional 8,576 shares during the period. Cambridge Trust Co. raised its holdings in shares of BlackRock MuniYield Quality Fund III by 12.3% in the 1st quarter. Cambridge Trust Co. now owns 32,800 shares of the investment management company’s stock valued at $412,000 after buying an additional 3,600 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in shares of BlackRock MuniYield Quality Fund III in the 1st quarter valued at $333,000. Raymond James Financial Services Advisors Inc. raised its holdings in shares of BlackRock MuniYield Quality Fund III by 2.0% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 231,940 shares of the investment management company’s stock valued at $2,911,000 after buying an additional 4,603 shares during the period. Finally, Raymond James & Associates grew its stake in BlackRock MuniYield Quality Fund III by 16.6% during the 1st quarter. Raymond James & Associates now owns 279,206 shares of the investment management company’s stock worth $3,504,000 after purchasing an additional 39,715 shares in the last quarter. Institutional investors own 25.94% of the company’s stock.

NYSE:MYI traded down $0.06 on Thursday, reaching $11.57. The company’s stock had a trading volume of 154,685 shares, compared to its average volume of 191,228. BlackRock MuniYield Quality Fund III has a 12-month low of $11.55 and a 12-month high of $15.19. The stock has a 50 day moving average price of $12.19 and a 200 day moving average price of $13.47.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Monday, May 16th will be given a $0.0515 dividend. The ex-dividend date is Friday, May 13th. This represents a $0.62 dividend on an annualized basis and a yield of 5.34%.

BlackRock MuniYield Quality Fund III Company Profile (Get Rating)

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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