Short Interest in BlackRock Municipal Income Quality Trust (NYSE:BYM) Grows By 84.3%

BlackRock Municipal Income Quality Trust (NYSE:BYM) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 9,400 shares, an increase of 84.3% from the February 28th total of 5,100 shares. Based on an average daily volume of 114,900 shares, the days-to-cover ratio is currently 0.1 days.

BlackRock Municipal Income Quality Trust Price Performance

Shares of NYSE BYM opened at $10.74 on Friday. 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 fifty day moving average price of $11.10 and a 200-day moving average price of $11.37.

BlackRock Municipal Income Quality Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.0555 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.67 dividend on an annualized basis and a yield of 6.20%.

Institutional Investors Weigh In On BlackRock Municipal Income Quality Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of Montreal Can boosted its stake in shares of BlackRock Municipal Income Quality Trust by 5.1% in the fourth quarter. Bank of Montreal Can now owns 19,802 shares of the company’s stock worth $215,000 after acquiring an additional 962 shares during the period. Indiana Trust & Investment Management Co boosted its stake in BlackRock Municipal Income Quality Trust by 1.4% in the 4th quarter. Indiana Trust & Investment Management Co now owns 95,726 shares of the company’s stock worth $1,039,000 after purchasing an additional 1,316 shares during the period. Elequin Capital LP bought a new position in BlackRock Municipal Income Quality Trust in the 4th quarter worth approximately $55,000. Ameriprise Financial Inc. raised its position in shares of BlackRock Municipal Income Quality Trust by 47.8% during the fourth quarter. Ameriprise Financial Inc. now owns 18,065 shares of the company’s stock valued at $196,000 after buying an additional 5,844 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of BlackRock Municipal Income Quality Trust by 5.4% in the fourth quarter. LPL Financial LLC now owns 114,205 shares of the company’s stock worth $1,239,000 after buying an additional 5,899 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.