BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) Short Interest Up 73.2% in July

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 197,063 shares, a growth of 73.2% from the June 30th total of 113,799 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 409,100 shares, the days-to-cover ratio is presently 0.5 days.

BlackRock MuniYield Quality Fund Price Performance

BlackRock MuniYield Quality Fund stock opened at $11.20 on Friday. BlackRock MuniYield Quality Fund has a one year low of $10.84 and a one year high of $11.94. The business has a fifty day moving average of $11.45 and a two-hundred day moving average of $11.46.

BlackRock MuniYield Quality Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.058 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund

Several institutional investors have recently made changes to their positions in the company. Allied Private Wealth LLC acquired a new position in BlackRock MuniYield Quality Fund in the second quarter worth approximately $25,000. Global Retirement Partners LLC bought a new position in BlackRock MuniYield Quality Fund during the fourth quarter valued at approximately $32,000. Garton & Associates Financial Advisors LLC acquired a new stake in BlackRock MuniYield Quality Fund in the fourth quarter valued at approximately $32,000. Geneos Wealth Management Inc. acquired a new stake in BlackRock MuniYield Quality Fund in the first quarter valued at approximately $34,000. Finally, Ballast Advisors LLC bought a new stake in BlackRock MuniYield Quality Fund in the first quarter worth approximately $35,000. 25.51% of the stock is currently owned by institutional investors and hedge funds.

About BlackRock MuniYield Quality Fund

BlackRock MuniYield Quality Fund (NYSE: MQY) is a closed-end investment company that seeks to provide shareholders with a high level of current income exempt from federal income tax. The fund pursues its objective by investing primarily in a diversified portfolio of investment-grade municipal securities, including bonds issued by states, municipalities and their agencies across the United States. MQY may employ leverage to enhance income, in line with its stated risk and return objectives.

As part of BlackRock’s suite of municipal bond offerings, MQY benefits from the firm’s municipal fixed-income research, trading capabilities and credit analysis.