Short Interest in BlackRock Municipal Income Quality Trust (NYSE:BYM) Decreases By 40.6%

BlackRock Municipal Income Quality Trust (NYSE:BYM) was the recipient of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 13,900 shares, a decline of 40.6% from the January 31st total of 23,400 shares. Based on an average daily volume of 99,600 shares, the days-to-cover ratio is currently 0.1 days.

BlackRock Municipal Income Quality Trust Price Performance

Shares of BlackRock Municipal Income Quality Trust stock traded down $0.10 on Tuesday, reaching $11.15. The company had a trading volume of 131,331 shares, compared to its average volume of 67,253. The firm’s 50-day moving average price is $11.09 and its two-hundred day moving average price is $11.50. BlackRock Municipal Income Quality Trust has a 1 year low of $10.65 and a 1 year high of $12.38.

BlackRock Municipal Income Quality Trust Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a $0.0555 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.97%. The ex-dividend date was Friday, February 14th.

Hedge Funds Weigh In On BlackRock Municipal Income Quality Trust

A number of large investors have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. boosted its holdings in BlackRock Municipal Income Quality Trust by 33.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 641,301 shares of the company’s stock valued at $6,958,000 after acquiring an additional 159,220 shares during the period. Allegheny Financial Group boosted its holdings in BlackRock Municipal Income Quality Trust by 9.1% during the 4th quarter. Allegheny Financial Group now owns 201,682 shares of the company’s stock valued at $2,188,000 after acquiring an additional 16,895 shares during the period. Van ECK Associates Corp boosted its holdings in BlackRock Municipal Income Quality Trust by 6.6% during the 4th quarter. Van ECK Associates Corp now owns 197,605 shares of the company’s stock valued at $2,144,000 after acquiring an additional 12,224 shares during the period. LM Advisors LLC boosted its holdings in BlackRock Municipal Income Quality Trust by 7.7% during the 4th quarter. LM Advisors LLC now owns 170,496 shares of the company’s stock valued at $1,850,000 after acquiring an additional 12,260 shares during the period. Finally, Bank of America Corp DE boosted its holdings in BlackRock Municipal Income Quality Trust by 421.6% during the 4th quarter. Bank of America Corp DE now owns 133,832 shares of the company’s stock valued at $1,452,000 after acquiring an additional 108,173 shares during the period.

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.