BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) Sees Large Growth in Short Interest

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 111,165 shares, a growth of 136.3% from the August 31st total of 47,048 shares. Based on an average trading volume of 860,744 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Allied Private Wealth LLC bought a new position in BlackRock MuniYield Quality Fund during the second quarter valued at $25,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of BlackRock MuniYield Quality Fund during the 2nd quarter worth approximately $27,000. Geneos Wealth Management Inc. acquired a new position in BlackRock MuniYield Quality Fund during the 1st quarter valued at approximately $34,000. Ballast Advisors LLC acquired a new stake in BlackRock MuniYield Quality Fund during the 1st quarter worth about $35,000. Finally, Fifth Third Bancorp acquired a new position in shares of BlackRock MuniYield Quality Fund in the 1st quarter valued at about $54,000. Hedge funds and other institutional investors own 25.51% of the company’s stock.

BlackRock MuniYield Quality Fund Price Performance

MQY stock traded down $0.12 during midday trading on Monday, hitting $10.04. The stock had a trading volume of 1,629,956 shares, compared to its average volume of 422,021. The business has a 50-day moving average of $10.95 and a two-hundred day moving average of $11.23. BlackRock MuniYield Quality Fund has a 52-week low of $9.90 and a 52-week high of $11.94.

BlackRock MuniYield Quality Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be issued a $0.0580 dividend. This represents a $0.70 annualized dividend and a yield of 6.9%. The ex-dividend date is Friday, December 11th.

BlackRock MuniYield Quality Fund Company Profile

BlackRock MuniYield Quality Fund, Inc is a closed-end management investment company listed on the New York Stock Exchange under the symbol MQY. The fund seeks to provide current income that is exempt from regular U.S. federal income tax by investing primarily in a portfolio of municipal obligations issued by states, territories, municipalities and other governmental entities.

The fund generally invests in longer-term municipal bonds and may allocate assets across various sectors of the municipal market, including essential-service areas such as education, health care, transportation, utilities and public infrastructure.