BlackRock Municipal Income Quality Trust (NYSE:BYM) Sees Large Growth in Short Interest

BlackRock Municipal Income Quality Trust (NYSE:BYM) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 33,600 shares, anincreaseof133.3% from the June 30th total of 14,400 shares. Based on an average trading volume of 83,600 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 83,600 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On BlackRock Municipal Income Quality Trust

A number of large investors have recently bought and sold shares of BYM. Ameriprise Financial Inc. raised its holdings in shares of BlackRock Municipal Income Quality Trust by 47.8% during the 4th quarter. Ameriprise Financial Inc. now owns 18,065 shares of the company’s stock worth $196,000 after buying an additional 5,844 shares in the last quarter. Nuveen Asset Management LLC bought a new position in shares of BlackRock Municipal Income Quality Trust in the fourth quarter worth about $159,000. LPL Financial LLC boosted its stake in shares of BlackRock Municipal Income Quality Trust by 5.4% in the 4th quarter. LPL Financial LLC now owns 114,205 shares of the company’s stock valued at $1,239,000 after purchasing an additional 5,899 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of BlackRock Municipal Income Quality Trust by 421.6% in the 4th quarter. Bank of America Corp DE now owns 133,832 shares of the company’s stock valued at $1,452,000 after purchasing an additional 108,173 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of BlackRock Municipal Income Quality Trust during the 4th quarter valued at approximately $688,000.

BlackRock Municipal Income Quality Trust Price Performance

NYSE BYM opened at $10.55 on Thursday. The firm has a 50-day moving average price of $10.43 and a two-hundred day moving average price of $10.70. BlackRock Municipal Income Quality Trust has a 12-month low of $10.06 and a 12-month high of $12.38.

BlackRock Municipal Income Quality Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be given a dividend of $0.0555 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a c) annualized dividend and a yield of 6.3%.

About BlackRock Municipal Income Quality Trust

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.