Short Interest in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) Grows By 133.8%

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 60,800 shares, a growth of 133.8% from the February 13th total of 26,000 shares. Based on an average daily volume of 244,200 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

BlackRock MuniYield Quality Fund Trading Down 0.7 %

MQY traded down $0.08 during trading on Friday, hitting $11.66. 106,763 shares of the stock were exchanged, compared to its average volume of 171,271. The firm has a 50 day simple moving average of $11.86 and a 200 day simple moving average of $12.34. BlackRock MuniYield Quality Fund has a 1 year low of $11.43 and a 1 year high of $13.29.

BlackRock MuniYield Quality Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.058 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.70 annualized dividend and a yield of 5.97%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in MQY. Fifth Third Bancorp purchased a new stake in shares of BlackRock MuniYield Quality Fund during the 4th quarter worth $29,000. Assetmark Inc. purchased a new stake in shares of BlackRock MuniYield Quality Fund during the 4th quarter worth $37,000. Signaturefd LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund during the 4th quarter worth $58,000. Elequin Capital LP purchased a new stake in BlackRock MuniYield Quality Fund in the fourth quarter valued at about $107,000. Finally, Larson Financial Group LLC raised its stake in BlackRock MuniYield Quality Fund by 226.3% in the third quarter. Larson Financial Group LLC now owns 9,135 shares of the financial services provider’s stock valued at $120,000 after buying an additional 6,335 shares during the last quarter. 25.51% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund Company Profile

BlackRock MuniYield Quality Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests in long-term municipal obligations the interest on which is exempt from federal income taxes. The fund also invests in short-term securities.