BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Short Interest Up 67.7% in March

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 62,400 shares, an increase of 67.7% from the February 28th total of 37,200 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 241,500 shares, the days-to-cover ratio is presently 0.3 days.

BlackRock MuniYield Quality Fund III Price Performance

MYI traded up $0.04 during trading on Friday, reaching $10.92. The stock had a trading volume of 117,094 shares, compared to its average volume of 222,350. The stock’s 50 day moving average is $11.10 and its two-hundred day moving average is $11.33. BlackRock MuniYield Quality Fund III has a one year low of $10.73 and a one year high of $12.07.

BlackRock MuniYield Quality Fund III Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.0555 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.10%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MYI. Larson Financial Group LLC raised its position in BlackRock MuniYield Quality Fund III by 238.1% in the 3rd quarter. Larson Financial Group LLC now owns 6,085 shares of the investment management company’s stock worth $73,000 after buying an additional 4,285 shares during the last quarter. Icon Wealth Advisors LLC bought a new position in shares of BlackRock MuniYield Quality Fund III in the third quarter worth about $104,000. Stifel Financial Corp lifted its holdings in shares of BlackRock MuniYield Quality Fund III by 40.0% in the third quarter. Stifel Financial Corp now owns 623,360 shares of the investment management company’s stock worth $7,480,000 after buying an additional 177,997 shares in the last quarter. Cresta Advisors Ltd. purchased a new position in BlackRock MuniYield Quality Fund III during the 3rd quarter valued at approximately $204,000. Finally, Capital Investment Advisors LLC increased its holdings in shares of BlackRock MuniYield Quality Fund III by 0.7% in the 4th quarter. Capital Investment Advisors LLC now owns 261,498 shares of the investment management company’s stock worth $2,887,000 after buying an additional 1,748 shares during the last quarter. Institutional investors own 34.01% of the company’s stock.

About BlackRock MuniYield Quality Fund III

BlackRock MuniYield Quality Fund III, Inc is a closed 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 primarily in a portfolio of long-term investment-grade municipal obligations exempt from federal income taxes.