Short Interest in BlackRock Municipal Income Quality Trust (NYSE:BYM) Rises By 107.5%

BlackRock Municipal Income Quality Trust (NYSE:BYM) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 22,200 shares, a growth of 107.5% from the November 30th total of 10,700 shares. Based on an average daily trading volume, of 75,800 shares, the short-interest ratio is presently 0.3 days.

BlackRock Municipal Income Quality Trust Stock Down 0.6 %

Shares of NYSE BYM traded down $0.06 during mid-day trading on Friday, reaching $10.71. 256,633 shares of the company’s stock traded hands, compared to its average volume of 62,601. The business has a 50-day simple moving average of $11.43 and a 200 day simple moving average of $11.65. BlackRock Municipal Income Quality Trust has a 1-year low of $10.65 and a 1-year high of $12.38.

BlackRock Municipal Income Quality Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.0555 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.67 dividend on an annualized basis and a yield of 6.22%.

Institutional Trading of BlackRock Municipal Income Quality Trust

Several institutional investors and hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC boosted its position in shares of BlackRock Municipal Income Quality Trust by 225.4% during the third quarter. Larson Financial Group LLC now owns 9,438 shares of the company’s stock valued at $114,000 after buying an additional 6,538 shares during the last quarter. Pathway Financial Advisers LLC grew its stake in shares of BlackRock Municipal Income Quality Trust by 1,104.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 5,888 shares of the company’s stock worth $71,000 after acquiring an additional 5,399 shares in the last quarter. Fortitude Family Office LLC purchased a new stake in shares of BlackRock Municipal Income Quality Trust in the third quarter valued at about $120,000. Hennion & Walsh Asset Management Inc. lifted its position in shares of BlackRock Municipal Income Quality Trust by 60.7% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 482,081 shares of the company’s stock valued at $5,804,000 after purchasing an additional 182,054 shares in the last quarter. Finally, Melone Private Wealth LLC grew its position in BlackRock Municipal Income Quality Trust by 0.9% in the 3rd quarter. Melone Private Wealth LLC now owns 168,883 shares of the company’s stock worth $2,033,000 after purchasing an additional 1,488 shares in the last quarter.

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.