BlackRock Municipal Income Quality Trust (NYSE:BYM) Short Interest Down 54.1% in November

BlackRock Municipal Income Quality Trust (NYSE:BYM) saw a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 10,700 shares, a decline of 54.1% from the November 15th total of 23,300 shares. Based on an average trading volume of 61,800 shares, the short-interest ratio is presently 0.2 days.

BlackRock Municipal Income Quality Trust Stock Down 1.4 %

Shares of BYM traded down $0.16 during midday trading on Friday, hitting $11.42. 116,938 shares of the company traded hands, compared to its average volume of 57,245. The firm has a 50 day moving average of $11.61 and a 200-day moving average of $11.66. BlackRock Municipal Income Quality Trust has a 52 week low of $10.78 and a 52 week high of $12.38.

BlackRock Municipal Income Quality Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a dividend of $0.0555 per share. This represents a $0.67 dividend on an annualized basis and a yield of 5.83%. The ex-dividend date of this dividend is Monday, December 16th.

Institutional Trading of BlackRock Municipal Income Quality Trust

Large investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC bought a new stake in BlackRock Municipal Income Quality Trust in the second quarter worth $33,000. Rothschild Investment LLC purchased a new stake in BlackRock Municipal Income Quality Trust during the second quarter valued at approximately $68,000. Pathway Financial Advisers LLC lifted its position in BlackRock Municipal Income Quality Trust by 1,104.1% in the third quarter. Pathway Financial Advisers LLC now owns 5,888 shares of the company’s stock worth $71,000 after buying an additional 5,399 shares during the last quarter. Rosenberg Matthew Hamilton bought a new stake in BlackRock Municipal Income Quality Trust in the second quarter worth $83,000. Finally, Fortitude Family Office LLC purchased a new position in BlackRock Municipal Income Quality Trust during the third quarter worth $120,000.

About BlackRock Municipal Income Quality Trust

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.