BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) Short Interest Up 29.1% in December

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totaling 62,047 shares, an increase of 29.1% from the December 15th total of 48,076 shares. Based on an average daily trading volume, of 114,997 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 114,997 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On BlackRock MuniYield Michigan Quality Fund

Several large investors have recently made changes to their positions in MIY. Capital Asset Advisory Services LLC boosted its stake in shares of BlackRock MuniYield Michigan Quality Fund by 4.2% in the fourth quarter. Capital Asset Advisory Services LLC now owns 32,200 shares of the financial services provider’s stock worth $378,000 after acquiring an additional 1,300 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in BlackRock MuniYield Michigan Quality Fund by 1.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 138,143 shares of the financial services provider’s stock worth $1,622,000 after purchasing an additional 1,661 shares in the last quarter. Foresight Capital Management Advisors Inc. boosted its stake in BlackRock MuniYield Michigan Quality Fund by 8.3% in the 2nd quarter. Foresight Capital Management Advisors Inc. now owns 28,723 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 2,199 shares during the period. Summit Financial Consulting LLC grew its holdings in BlackRock MuniYield Michigan Quality Fund by 8.1% during the 3rd quarter. Summit Financial Consulting LLC now owns 29,665 shares of the financial services provider’s stock valued at $335,000 after buying an additional 2,221 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its position in shares of BlackRock MuniYield Michigan Quality Fund by 8.4% during the second quarter. Axxcess Wealth Management LLC now owns 34,700 shares of the financial services provider’s stock valued at $383,000 after buying an additional 2,700 shares during the last quarter. 24.15% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield Michigan Quality Fund Trading Up 0.0%

BlackRock MuniYield Michigan Quality Fund stock traded up $0.01 during midday trading on Friday, hitting $12.20. The stock had a trading volume of 40,891 shares, compared to its average volume of 72,228. BlackRock MuniYield Michigan Quality Fund has a 52-week low of $10.57 and a 52-week high of $12.32. The firm’s fifty day moving average is $11.73 and its two-hundred day moving average is $11.40.

BlackRock MuniYield Michigan Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be issued a $0.0545 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a yield of 5.4%.

About BlackRock MuniYield Michigan Quality Fund

BlackRock MuniYield Michigan Quality Fund (NYSE: MIY) is a closed-end management investment company that seeks to provide current income exempt from federal and Michigan personal income taxes. The fund primarily invests in investment-grade municipal securities issued by state and local governments within Michigan. Its portfolio typically includes a diversified mix of general obligation bonds and revenue bonds backed by public utilities, transportation projects, and other essential municipal services.

The fund’s investment strategy emphasizes credit quality and diversification across sectors and maturities.