BlackRock Municipal Income Quality Trust (NYSE:BYM) Sees Large Growth in Short Interest

BlackRock Municipal Income Quality Trust (NYSE:BYM) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 22,200 shares, an increase of 107.5% from the November 30th total of 10,700 shares. Based on an average daily volume of 75,800 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On BlackRock Municipal Income Quality Trust

Hedge funds have recently modified their holdings of the business. Americana Partners LLC raised its position in shares of BlackRock Municipal Income Quality Trust by 17.0% in the 2nd quarter. Americana Partners LLC now owns 1,597,561 shares of the company’s stock worth $18,308,000 after acquiring an additional 232,481 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of BlackRock Municipal Income Quality Trust during the 2nd quarter valued at $68,000. Rinkey Investments grew its holdings in BlackRock Municipal Income Quality Trust by 46.9% in the second quarter. Rinkey Investments now owns 44,500 shares of the company’s stock worth $510,000 after purchasing an additional 14,200 shares during the period. Allegheny Financial Group LTD boosted its position in shares of BlackRock Municipal Income Quality Trust by 15.5% during the 2nd quarter. Allegheny Financial Group LTD now owns 175,377 shares of the company’s stock worth $2,010,000 after purchasing an additional 23,486 shares in the last quarter. Finally, Larson Financial Group LLC bought a new stake in BlackRock Municipal Income Quality Trust in the 2nd quarter valued at about $33,000.

BlackRock Municipal Income Quality Trust Trading Down 0.6 %

BlackRock Municipal Income Quality Trust stock traded down $0.06 during mid-day trading on Friday, hitting $10.71. 256,633 shares of the company’s stock traded hands, compared to its average volume of 62,601. BlackRock Municipal Income Quality Trust has a fifty-two week low of $10.65 and a fifty-two week high of $12.38. The firm has a 50 day simple moving average of $11.41 and a two-hundred day simple moving average of $11.65.

BlackRock Municipal Income Quality Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.0555 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.22%.

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.