BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Shares Shorted: Short Interest Down 55.1% in October

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 109,476 shares, a decline of 55.1% from the September 30th total of 243,845 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 1,223,183 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of BlackRock MuniYield Quality Fund III

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Verdence Capital Advisors LLC lifted its holdings in shares of BlackRock MuniYield Quality Fund III by 10.0% in the third quarter. Verdence Capital Advisors LLC now owns 29,913 shares of the investment management company’s stock valued at $288,000 after purchasing an additional 2,725 shares in the last quarter. Leo Wealth LLC purchased a new position in shares of BlackRock MuniYield Quality Fund III during the third quarter valued at approximately $211,000. Accredited Investor Services LLC purchased a new position in shares of BlackRock MuniYield Quality Fund III during the third quarter valued at approximately $100,000. David J Yvars Group bought a new stake in BlackRock MuniYield Quality Fund III during the third quarter worth $144,000. Finally, Farther Finance Advisors LLC grew its holdings in BlackRock MuniYield Quality Fund III by 69.4% during the third quarter. Farther Finance Advisors LLC now owns 9,762 shares of the investment management company’s stock worth $94,000 after buying an additional 4,000 shares in the last quarter. 34.01% of the stock is owned by institutional investors.

BlackRock MuniYield Quality Fund III Trading Up 0.3%

Shares of MYI traded up $0.03 on Friday, reaching $10.13. The company’s stock had a trading volume of 491,831 shares, compared to its average volume of 1,219,570. BlackRock MuniYield Quality Fund III has a twelve month low of $9.37 and a twelve month high of $11.46. The firm has a fifty day moving average of $10.05 and a 200-day moving average of $10.72.

BlackRock MuniYield Quality Fund III Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be paid a dividend of $0.0555 per share. The ex-dividend date is Friday, November 13th. This represents a $0.67 dividend on an annualized basis and a yield of 6.6%.

About BlackRock MuniYield Quality Fund III

BlackRock MuniYield Quality Fund III, Inc (NYSE: MYI) is a closed-end investment company that seeks to provide current income that is exempt from regular U.S. federal income tax. The fund primarily invests in municipal obligations issued by states, territories, and local governments, as well as related public authorities.

The fund’s portfolio may include tax-exempt bonds and other municipal securities used to finance public infrastructure and services, such as schools, transportation systems, utilities, and healthcare facilities.