Short Interest in BlackRock Municipal Income Quality Trust (NYSE:BYM) Decreases By 40.6%

BlackRock Municipal Income Quality Trust (NYSE:BYM) saw a significant drop in short interest in February. As of February 15th, there was short interest totalling 13,900 shares, a drop of 40.6% from the January 31st total of 23,400 shares. Based on an average daily trading volume, of 99,600 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of BlackRock Municipal Income Quality Trust

Several hedge funds have recently modified their holdings of BYM. Elequin Capital LP bought a new position in BlackRock Municipal Income Quality Trust in the 4th quarter worth approximately $55,000. Simon Quick Advisors LLC acquired a new stake in shares of BlackRock Municipal Income Quality Trust in the 4th quarter valued at $109,000. Larson Financial Group LLC raised 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 worth $114,000 after acquiring an additional 6,538 shares during the last quarter. Atala Financial Inc bought a new stake in shares of BlackRock Municipal Income Quality Trust during the fourth quarter worth $148,000. Finally, Nuveen Asset Management LLC acquired a new position in shares of BlackRock Municipal Income Quality Trust during the fourth quarter valued at $159,000.

BlackRock Municipal Income Quality Trust Stock Up 0.5 %

NYSE BYM traded up $0.06 on Friday, hitting $11.24. 57,000 shares of the company were exchanged, compared to its average volume of 80,177. BlackRock Municipal Income Quality Trust has a 1-year low of $10.65 and a 1-year high of $12.38. The firm has a 50 day moving average of $11.09 and a two-hundred day moving average of $11.51.

BlackRock Municipal Income Quality Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a dividend of $0.0555 per share. The ex-dividend date is Friday, February 14th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.93%.

BlackRock Municipal Income Quality Trust Company Profile

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.