BlackRock Municipal Income Quality Trust (NYSE:BYM) Short Interest Update

BlackRock Municipal Income Quality Trust (NYSE:BYM) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 7,200 shares, a decrease of 23.4% from the March 15th total of 9,400 shares. Based on an average daily trading volume, of 111,400 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On BlackRock Municipal Income Quality Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Elequin Capital LP purchased a new position in BlackRock Municipal Income Quality Trust in the fourth quarter worth $55,000. Simon Quick Advisors LLC purchased a new stake in BlackRock Municipal Income Quality Trust during the fourth quarter worth about $109,000. Atala Financial Inc acquired a new position in BlackRock Municipal Income Quality Trust during the fourth quarter worth about $148,000. Nuveen Asset Management LLC purchased a new position in BlackRock Municipal Income Quality Trust in the fourth quarter valued at about $159,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of BlackRock Municipal Income Quality Trust during the 4th quarter worth approximately $169,000.

BlackRock Municipal Income Quality Trust Price Performance

Shares of BlackRock Municipal Income Quality Trust stock traded down $0.26 during trading hours on Monday, hitting $10.16. 127,156 shares of the company were exchanged, compared to its average volume of 108,597. The business has a 50-day moving average of $10.89 and a 200-day moving average of $11.19. BlackRock Municipal Income Quality Trust has a 1 year low of $10.06 and a 1 year high of $12.38.

BlackRock Municipal Income Quality Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a dividend of $0.0555 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.67 annualized dividend and a yield of 6.56%.

BlackRock Municipal Income Quality Trust Company Profile

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.