BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Stock Short Interest Drops 55.1%

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 109,476 shares, a decrease of 55.1% from the September 30th total of 243,845 shares. Based on an average trading volume of 1,223,183 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

BlackRock MuniYield Quality Fund III Trading Up 0.3%

NYSE MYI traded up $0.03 during trading on Friday, hitting $10.13. The stock had a trading volume of 491,831 shares, compared to its average volume of 1,219,570. BlackRock MuniYield Quality Fund III has a 12 month low of $9.37 and a 12 month high of $11.46. The company’s 50-day moving average price is $10.05 and its two-hundred day moving average price is $10.72.

BlackRock MuniYield Quality Fund III Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be given a dividend of $0.0555 per share. This represents a $0.67 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Friday, November 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rivernorth Capital Management LLC lifted its stake in shares of BlackRock MuniYield Quality Fund III by 200.0% in the first quarter. Rivernorth Capital Management LLC now owns 5,254,333 shares of the investment management company’s stock worth $55,223,000 after acquiring an additional 3,502,884 shares during the period. Bank of America Corp DE bought a new position in BlackRock MuniYield Quality Fund III during the 2nd quarter worth approximately $16,031,000. Van ECK Associates Corp raised its holdings in BlackRock MuniYield Quality Fund III by 2.6% during the 2nd quarter. Van ECK Associates Corp now owns 973,208 shares of the investment management company’s stock worth $10,812,000 after purchasing an additional 24,636 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of BlackRock MuniYield Quality Fund III by 298.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 537,780 shares of the investment management company’s stock worth $5,652,000 after purchasing an additional 402,688 shares during the period. Finally, Rareview Capital LLC boosted its stake in shares of BlackRock MuniYield Quality Fund III by 22.1% in the 1st quarter. Rareview Capital LLC now owns 461,043 shares of the investment management company’s stock valued at $4,836,000 after purchasing an additional 83,565 shares during the last quarter. Institutional investors and hedge funds own 34.01% of the company’s stock.

About BlackRock MuniYield Quality Fund III

BlackRock MuniYield Quality Fund III, Inc (NYSE: MYI) is a closed-end investment company that seeks to provide current income that is exempt from regular U.S. federal income tax. The fund primarily invests in municipal obligations issued by states, territories, and local governments, as well as related public authorities.

The fund’s portfolio may include tax-exempt bonds and other municipal securities used to finance public infrastructure and services, such as schools, transportation systems, utilities, and healthcare facilities.