BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) Short Interest Update

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 62,925 shares, a decline of 35.4% from the July 30th total of 97,472 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 384,352 shares, the days-to-cover ratio is currently 0.2 days.

BlackRock MuniYield Quality Fund Stock Performance

BlackRock MuniYield Quality Fund stock opened at $10.88 on Thursday. The stock’s 50-day moving average is $11.35 and its 200-day moving average is $11.39. BlackRock MuniYield Quality Fund has a 12 month low of $10.84 and a 12 month high of $11.94.

BlackRock MuniYield Quality Fund Announces Dividend

The firm also recently announced 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. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Tuesday, September 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Allied Private Wealth LLC bought a new position in shares of BlackRock MuniYield Quality Fund during the second quarter worth about $25,000. Northwestern Mutual Wealth Management Co. acquired a new stake in BlackRock MuniYield Quality Fund during the 2nd quarter worth about $27,000. Global Retirement Partners LLC acquired a new stake in BlackRock MuniYield Quality Fund during the 4th quarter valued at $32,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund in the fourth quarter worth approximately $32,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of BlackRock MuniYield Quality Fund during the 1st quarter valued at $34,000. 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.