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

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 39,762 shares, a decrease of 81.0% from the April 15th total of 209,302 shares. Based on an average daily trading volume, of 322,726 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

BlackRock MuniYield Quality Fund III Trading Down 0.4%

Shares of NYSE:MYI traded down $0.05 during midday trading on Tuesday, hitting $10.99. 22,295 shares of the company’s stock were exchanged, compared to its average volume of 242,573. The stock has a 50 day moving average price of $10.89 and a 200-day moving average price of $10.97. BlackRock MuniYield Quality Fund III has a 12 month low of $10.20 and a 12 month high of $11.46.

BlackRock MuniYield Quality Fund III Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a $0.0555 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Monday, June 15th.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund III

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Coastal Bridge Advisors LLC grew its stake in shares of BlackRock MuniYield Quality Fund III by 48.4% in the 3rd quarter. Coastal Bridge Advisors LLC now owns 172,602 shares of the investment management company’s stock worth $1,912,000 after acquiring an additional 56,318 shares in the last quarter. TrueMark Investments LLC bought a new position in shares of BlackRock MuniYield Quality Fund III during the third quarter valued at about $194,000. Trust Co. of Vermont purchased a new position in BlackRock MuniYield Quality Fund III during the fourth quarter worth about $25,000. Hennion & Walsh Asset Management Inc. grew its position in BlackRock MuniYield Quality Fund III by 0.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,554,195 shares of the investment management company’s stock worth $16,894,000 after purchasing an additional 12,912 shares in the last quarter. Finally, Moody National Bank Trust Division purchased a new stake in BlackRock MuniYield Quality Fund III in the 4th quarter valued at about $113,000. 34.01% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund III Company Profile

BlackRock MuniYield Quality Fund III (NYSE: MYI) is a closed-end management investment company that seeks to provide investors with a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including bonds, notes and other debt obligations issued by state and local governments, agencies and authorities across the United States.

In managing its portfolio, the fund generally allocates at least 80% of its total assets to investment-grade municipal debt instruments.