BlackRock Municipal Income Quality Trust (NYSE:BYM) Short Interest Down 63.3% in February

BlackRock Municipal Income Quality Trust (NYSE:BYM) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 5,100 shares, a drop of 63.3% from the February 13th total of 13,900 shares. Based on an average daily volume of 106,700 shares, the days-to-cover ratio is currently 0.0 days.

BlackRock Municipal Income Quality Trust Price Performance

Shares of BYM traded down $0.09 during midday trading on Friday, reaching $10.80. The stock had a trading volume of 84,527 shares, compared to its average volume of 70,255. BlackRock Municipal Income Quality Trust has a 1-year low of $10.65 and a 1-year high of $12.38. The company’s fifty day simple moving average is $11.13 and its two-hundred day simple moving average is $11.44.

BlackRock Municipal Income Quality Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.0555 per share. The ex-dividend date is Friday, March 14th. This represents a $0.67 annualized dividend and a yield of 6.16%.

Institutional Investors Weigh In On BlackRock Municipal Income Quality Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. raised its stake in BlackRock Municipal Income Quality Trust by 33.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 641,301 shares of the company’s stock worth $6,958,000 after acquiring an additional 159,220 shares in the last quarter. Allegheny Financial Group raised its stake in BlackRock Municipal Income Quality Trust by 9.1% during the 4th quarter. Allegheny Financial Group now owns 201,682 shares of the company’s stock worth $2,188,000 after acquiring an additional 16,895 shares in the last quarter. Van ECK Associates Corp raised its stake in BlackRock Municipal Income Quality Trust by 6.6% during the 4th quarter. Van ECK Associates Corp now owns 197,605 shares of the company’s stock worth $2,144,000 after acquiring an additional 12,224 shares in the last quarter. LM Advisors LLC raised its stake in BlackRock Municipal Income Quality Trust by 7.7% during the 4th quarter. LM Advisors LLC now owns 170,496 shares of the company’s stock worth $1,850,000 after acquiring an additional 12,260 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in BlackRock Municipal Income Quality Trust by 421.6% during the 4th quarter. Bank of America Corp DE now owns 133,832 shares of the company’s stock worth $1,452,000 after acquiring an additional 108,173 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.