BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Short Interest Down 81.0% in April

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 39,762 shares, a decline of 81.0% from the April 15th total of 209,302 shares. Based on an average daily trading volume, of 322,726 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

BlackRock MuniYield Quality Fund III Trading Down 0.4%

Shares of MYI traded down $0.05 during mid-day trading on Tuesday, reaching $10.99. The company had a trading volume of 22,295 shares, compared to its average volume of 242,573. The company’s 50 day simple moving average is $10.89 and its 200 day simple moving average is $10.97. BlackRock MuniYield Quality Fund III has a 1-year low of $10.20 and a 1-year high of $11.46.

BlackRock MuniYield Quality Fund III Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a dividend of $0.0555 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 6.1%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MYI. Coastal Bridge Advisors LLC lifted its stake in shares of BlackRock MuniYield Quality Fund III by 48.4% in the third quarter. Coastal Bridge Advisors LLC now owns 172,602 shares of the investment management company’s stock worth $1,912,000 after acquiring an additional 56,318 shares during the period. Rareview Capital LLC grew its holdings in BlackRock MuniYield Quality Fund III by 22.1% in the first quarter. Rareview Capital LLC now owns 461,043 shares of the investment management company’s stock worth $4,836,000 after purchasing an additional 83,565 shares during the period. Rockefeller Capital Management L.P. grew its stake in shares of BlackRock MuniYield Quality Fund III by 0.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 249,293 shares of the investment management company’s stock valued at $2,710,000 after buying an additional 2,055 shares during the period. Realta Investment Advisors bought a new stake in shares of BlackRock MuniYield Quality Fund III during the first quarter valued at approximately $140,000. Finally, Riverbridge Partners LLC bought a new stake in shares of BlackRock MuniYield Quality Fund III during the first quarter valued at approximately $774,000. 34.01% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund III Company Profile

BlackRock MuniYield Quality Fund III (NYSE: MYI) is a closed-end management investment company that seeks to provide investors with a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including bonds, notes and other debt obligations issued by state and local governments, agencies and authorities across the United States.

In managing its portfolio, the fund generally allocates at least 80% of its total assets to investment-grade municipal debt instruments.