BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) Sees Significant Drop in Short Interest

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 62,925 shares, a drop of 35.4% from the July 30th total of 97,472 shares. Based on an average trading volume of 384,352 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

BlackRock MuniYield Quality Fund Stock Performance

BlackRock MuniYield Quality Fund stock traded down $0.07 on Wednesday, hitting $10.89. 570,691 shares of the stock traded hands, compared to its average volume of 362,582. BlackRock MuniYield Quality Fund has a 1 year low of $10.84 and a 1 year high of $11.94. The business’s fifty day simple moving average is $11.36 and its 200 day simple moving average is $11.39.

BlackRock MuniYield Quality Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.058 per share. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Tuesday, September 15th.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund

Several institutional investors and hedge funds have recently modified their holdings of MQY. Wolverine Asset Management LLC acquired a new stake in BlackRock MuniYield Quality Fund during the fourth quarter worth approximately $1,082,000. Allspring Global Investments Holdings LLC purchased a new position in shares of BlackRock MuniYield Quality Fund in the 1st quarter valued at $2,660,000. Cura Wealth Advisors LLC acquired a new stake in BlackRock MuniYield Quality Fund during the 2nd quarter worth $3,120,000. Royal Bank of Canada increased its stake in BlackRock MuniYield Quality Fund by 181.0% in the 1st quarter. Royal Bank of Canada now owns 190,734 shares of the financial services provider’s stock valued at $2,094,000 after purchasing an additional 122,847 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in BlackRock MuniYield Quality Fund by 220.5% during the first quarter. Bank of America Corp DE now owns 1,715,834 shares of the financial services provider’s stock worth $18,840,000 after purchasing an additional 1,180,482 shares during the last quarter. 25.51% of the stock is currently owned by institutional investors.

BlackRock MuniYield Quality Fund Company Profile

BlackRock MuniYield Quality Fund (NYSE: MQY) is a closed-end investment company that seeks to provide shareholders with a high level of current income exempt from federal income tax. The fund pursues its objective by investing primarily in a diversified portfolio of investment-grade municipal securities, including bonds issued by states, municipalities and their agencies across the United States. MQY may employ leverage to enhance income, in line with its stated risk and return objectives.

As part of BlackRock’s suite of municipal bond offerings, MQY benefits from the firm’s municipal fixed-income research, trading capabilities and credit analysis.