BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) Short Interest Down 50.5% in July

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 97,472 shares, a drop of 50.5% from the July 15th total of 197,063 shares. Based on an average daily volume of 358,438 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

BlackRock MuniYield Quality Fund Trading Down 0.4%

NYSE MQY traded down $0.05 on Monday, reaching $11.26. The company had a trading volume of 307,192 shares, compared to its average volume of 357,452. The stock’s 50 day moving average is $11.43 and its 200-day moving average is $11.44. BlackRock MuniYield Quality Fund has a 52 week low of $10.84 and a 52 week high of $11.94.

BlackRock MuniYield Quality Fund Announces Dividend

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

Institutional Trading of BlackRock MuniYield Quality Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Corient Private Wealth LP acquired a new stake in shares of BlackRock MuniYield Quality Fund in the 2nd quarter valued at approximately $360,000. Palogic Value Management L.P. acquired a new position in BlackRock MuniYield Quality Fund during the second quarter valued at approximately $232,000. Bank of America Corp DE bought a new stake in BlackRock MuniYield Quality Fund in the second quarter valued at approximately $1,172,000. Sanctuary Advisors LLC bought a new stake in BlackRock MuniYield Quality Fund in the second quarter valued at approximately $351,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in BlackRock MuniYield Quality Fund in the second quarter valued at approximately $528,000. 25.51% of the stock is owned by institutional investors.

BlackRock MuniYield Quality Fund Company Profile

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.