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BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) Short Interest Down 19.5% in June

BlackRock MuniYield Quality Fund logo

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQYGet Rating) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 64,400 shares, a decline of 19.5% from the June 15th total of 80,000 shares. Based on an average trading volume of 279,900 shares, the days-to-cover ratio is presently 0.2 days.

BlackRock MuniYield Quality Fund Stock Down 0.6 %

Shares of MQY stock opened at $12.88 on Wednesday. BlackRock MuniYield Quality Fund has a 1 year low of $11.70 and a 1 year high of $17.20. The firm’s fifty day simple moving average is $12.71 and its 200 day simple moving average is $13.63.

BlackRock MuniYield Quality Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 1st. Investors of record on Friday, July 15th will be given a dividend of $0.056 per share. This represents a $0.67 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date is Thursday, July 14th.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE boosted its stake in BlackRock MuniYield Quality Fund by 9.9% during the first quarter. Bank of America Corp DE now owns 1,507,676 shares of the financial services provider’s stock worth $20,790,000 after buying an additional 135,233 shares in the last quarter. Van ECK Associates Corp boosted its stake in BlackRock MuniYield Quality Fund by 5.6% during the first quarter. Van ECK Associates Corp now owns 393,031 shares of the financial services provider’s stock worth $5,420,000 after buying an additional 20,741 shares in the last quarter. Fiera Capital Corp boosted its stake in BlackRock MuniYield Quality Fund by 186.8% during the first quarter. Fiera Capital Corp now owns 359,677 shares of the financial services provider’s stock worth $4,960,000 after buying an additional 234,260 shares in the last quarter. Advisor Group Holdings Inc. boosted its stake in BlackRock MuniYield Quality Fund by 2.5% during the fourth quarter. Advisor Group Holdings Inc. now owns 287,684 shares of the financial services provider’s stock worth $4,644,000 after buying an additional 6,996 shares in the last quarter. Finally, Regatta Capital Group LLC acquired a new stake in BlackRock MuniYield Quality Fund during the fourth quarter worth $4,115,000. Institutional investors own 35.99% of the company’s stock.

BlackRock MuniYield Quality Fund Company Profile

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BlackRock MuniYield Quality Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests in long-term municipal obligations the interest on which is exempt from federal income taxes. The fund also invests in short-term securities.

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