BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Short Interest Up 771.2% in December

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 190,800 shares, a growth of 771.2% from the December 15th total of 21,900 shares. Based on an average daily trading volume, of 274,700 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of BlackRock MuniYield Quality Fund III

Institutional investors have recently modified their holdings of the company. Larson Financial Group LLC lifted its position in BlackRock MuniYield Quality Fund III by 238.1% in the third quarter. Larson Financial Group LLC now owns 6,085 shares of the investment management company’s stock worth $73,000 after purchasing an additional 4,285 shares during the period. Icon Wealth Advisors LLC acquired a new position in shares of BlackRock MuniYield Quality Fund III in the 3rd quarter valued at $104,000. Cresta Advisors Ltd. bought a new position in shares of BlackRock MuniYield Quality Fund III during the 3rd quarter worth about $204,000. US Bancorp DE lifted its holdings in shares of BlackRock MuniYield Quality Fund III by 49.8% during the 3rd quarter. US Bancorp DE now owns 25,183 shares of the investment management company’s stock worth $302,000 after acquiring an additional 8,370 shares during the period. Finally, First Western Trust Bank acquired a new stake in shares of BlackRock MuniYield Quality Fund III during the 3rd quarter valued at about $471,000. Institutional investors and hedge funds own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Trading Up 0.6 %

NYSE MYI opened at $10.94 on Wednesday. BlackRock MuniYield Quality Fund III has a twelve month low of $10.83 and a twelve month high of $12.07. The firm has a 50-day simple moving average of $11.25 and a 200 day simple moving average of $11.45.

BlackRock MuniYield Quality Fund III Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a $0.0555 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.09%.

About BlackRock MuniYield Quality Fund III

BlackRock MuniYield Quality Fund III, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in a portfolio of long-term investment-grade municipal obligations exempt from federal income taxes.