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

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 190,800 shares, an increase of 771.2% from the December 15th total of 21,900 shares. Based on an average trading volume of 274,700 shares, the short-interest ratio is currently 0.7 days.

BlackRock MuniYield Quality Fund III Price Performance

BlackRock MuniYield Quality Fund III stock traded down $0.04 during mid-day trading on Monday, reaching $10.86. The company had a trading volume of 210,235 shares, compared to its average volume of 177,091. The company has a 50 day moving average of $11.25 and a 200-day moving average of $11.45. BlackRock MuniYield Quality Fund III has a 52 week low of $10.83 and a 52 week high of $12.07.

BlackRock MuniYield Quality Fund III Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a $0.0555 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.13%. The ex-dividend date is Wednesday, January 15th.

Institutional Trading of BlackRock MuniYield Quality Fund III

Several institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC boosted its position in BlackRock MuniYield Quality Fund III by 238.1% in the third quarter. Larson Financial Group LLC now owns 6,085 shares of the investment management company’s stock valued at $73,000 after buying an additional 4,285 shares in the last quarter. Icon Wealth Advisors LLC acquired a new position in shares of BlackRock MuniYield Quality Fund III in the 3rd quarter worth approximately $104,000. Cresta Advisors Ltd. acquired a new position in shares of BlackRock MuniYield Quality Fund III in the 3rd quarter worth approximately $204,000. US Bancorp DE grew its position in BlackRock MuniYield Quality Fund III by 49.8% during the 3rd quarter. US Bancorp DE now owns 25,183 shares of the investment management company’s stock worth $302,000 after acquiring an additional 8,370 shares during the last quarter. Finally, First Western Trust Bank acquired a new stake in BlackRock MuniYield Quality Fund III during the 3rd quarter valued at $471,000. 34.01% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund III Company Profile

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.