BlackRock Municipal Income Quality Trust (NYSE:BYM) Sees Significant Increase in Short Interest

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.

Institutional Investors Weigh In On BlackRock Municipal Income Quality Trust

Institutional investors have recently bought and sold shares of the stock. Larson Financial Group LLC boosted its holdings in 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 purchasing an additional 6,538 shares during the last quarter. Pathway Financial Advisers LLC boosted 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 buying an additional 5,399 shares during the last quarter. Fortitude Family Office LLC bought a new position in shares of BlackRock Municipal Income Quality Trust in the third quarter valued at approximately $120,000. Hennion & Walsh Asset Management Inc. grew its holdings in shares of BlackRock Municipal Income Quality Trust by 60.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 482,081 shares of the company’s stock valued at $5,804,000 after acquiring an additional 182,054 shares in the last quarter. Finally, Melone Private Wealth LLC increased its position in shares of BlackRock Municipal Income Quality Trust by 0.9% during the third quarter. Melone Private Wealth LLC now owns 168,883 shares of the company’s stock valued at $2,033,000 after acquiring an additional 1,488 shares during the last quarter.

BlackRock Municipal Income Quality Trust Price Performance

NYSE BYM traded down $0.06 during trading hours on Friday, hitting $10.71. The company’s stock had a trading volume of 256,633 shares, compared to its average volume of 62,601. BlackRock Municipal Income Quality Trust has a 52 week low of $10.65 and a 52 week high of $12.38. The company’s 50-day simple moving average is $11.41 and its two-hundred day simple moving average is $11.65.

BlackRock Municipal Income Quality Trust Announces Dividend

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

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.