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

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) saw a large growth in short interest during the month of 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. Based on an average daily volume of 409,100 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are sold short.

BlackRock MuniYield Quality Fund Price Performance

MQY stock opened at $11.20 on Friday. BlackRock MuniYield Quality Fund has a twelve month low of $10.84 and a twelve month high of $11.94. The firm has a 50 day simple moving average of $11.45 and a 200-day simple moving average of $11.46.

BlackRock MuniYield Quality Fund Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of MQY. Allied Private Wealth LLC acquired a new position in BlackRock MuniYield Quality Fund in the second quarter valued at approximately $25,000. Global Retirement Partners LLC acquired a new stake in BlackRock MuniYield Quality Fund in the fourth quarter worth about $32,000. Garton & Associates Financial Advisors LLC bought a new position in shares of BlackRock MuniYield Quality Fund in the fourth quarter valued at approximately $32,000. Geneos Wealth Management Inc. bought a new position in BlackRock MuniYield Quality Fund during the 1st quarter valued at $34,000. Finally, Ballast Advisors LLC bought a new position in BlackRock MuniYield Quality Fund during the first quarter valued at about $35,000. 25.51% of the stock is 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.