Short Interest in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Declines By 36.3%

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) was the recipient of a large decrease in short interest in February. As of February 15th, there was short interest totalling 41,500 shares, a decrease of 36.3% from the January 31st total of 65,200 shares. Based on an average daily volume of 252,600 shares, the short-interest ratio is currently 0.2 days.

BlackRock MuniYield Quality Fund III Price Performance

BlackRock MuniYield Quality Fund III stock traded down $0.07 during trading on Monday, reaching $11.23. The company had a trading volume of 213,174 shares, compared to its average volume of 184,119. The firm’s 50-day simple moving average is $11.11 and its 200 day simple moving average is $11.40. BlackRock MuniYield Quality Fund III has a 52 week low of $10.83 and a 52 week high of $12.07.

BlackRock MuniYield Quality Fund III Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a dividend of $0.0555 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.93%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp raised its stake in BlackRock MuniYield Quality Fund III by 80.1% during the 4th quarter. Stifel Financial Corp now owns 1,122,786 shares of the investment management company’s stock worth $12,396,000 after acquiring an additional 499,426 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in shares of BlackRock MuniYield Quality Fund III by 8.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,073,688 shares of the investment management company’s stock worth $11,854,000 after purchasing an additional 86,787 shares in the last quarter. Pathstone Holdings LLC raised its position in shares of BlackRock MuniYield Quality Fund III by 25.3% during the 4th quarter. Pathstone Holdings LLC now owns 995,957 shares of the investment management company’s stock valued at $11,046,000 after purchasing an additional 201,347 shares during the period. Raymond James Financial Inc. purchased a new position in shares of BlackRock MuniYield Quality Fund III during the 4th quarter valued at $9,107,000. Finally, Van ECK Associates Corp boosted its holdings in BlackRock MuniYield Quality Fund III by 4.8% in the 4th quarter. Van ECK Associates Corp now owns 493,421 shares of the investment management company’s stock worth $5,447,000 after buying an additional 22,585 shares during the period. 34.01% of the stock is currently owned by institutional investors.

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.