BlackRock Municipal Income Quality Trust (NYSE:BYM – Get Free Report) 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
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.
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