BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Sees Significant Decline in Short Interest

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 88,000 shares, a decrease of 53.9% from the December 31st total of 190,800 shares. Based on an average daily volume of 278,800 shares, the short-interest ratio is presently 0.3 days.

BlackRock MuniYield Quality Fund III Trading Up 0.5 %

NYSE MYI traded up $0.06 on Thursday, reaching $11.14. 66,103 shares of the company’s stock traded hands, compared to its average volume of 177,814. The stock has a 50 day moving average price of $11.19 and a 200-day moving average price of $11.44. BlackRock MuniYield Quality Fund III has a fifty-two week low of $10.83 and a fifty-two week high of $12.07.

BlackRock MuniYield Quality Fund III Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.0555 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.67 annualized dividend and a dividend yield of 5.98%.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund III

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of BlackRock MuniYield Quality Fund III by 8.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,073,688 shares of the investment management company’s stock valued at $11,854,000 after buying an additional 86,787 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of BlackRock MuniYield Quality Fund III by 40.0% during the third quarter. Stifel Financial Corp now owns 623,360 shares of the investment management company’s stock worth $7,480,000 after purchasing an additional 177,997 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of 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 valued at $5,447,000 after purchasing an additional 22,585 shares during the last quarter. Raymond James & Associates lifted its stake in BlackRock MuniYield Quality Fund III by 2.9% in the third quarter. Raymond James & Associates now owns 439,416 shares of the investment management company’s stock valued at $5,273,000 after buying an additional 12,335 shares during the last quarter. Finally, Capital Investment Advisors LLC grew its position in BlackRock MuniYield Quality Fund III by 0.7% during the 4th quarter. Capital Investment Advisors LLC now owns 261,498 shares of the investment management company’s stock worth $2,887,000 after purchasing an additional 1,748 shares during the last quarter. Hedge funds and other 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.