Short Interest in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) Drops By 15.4%

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 68,000 shares, a drop of 15.4% from the October 31st total of 80,400 shares. Based on an average daily trading volume, of 165,700 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MQY. TruNorth Capital Management LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund in the second quarter valued at approximately $26,000. Larson Financial Group LLC acquired a new position in BlackRock MuniYield Quality Fund during the 2nd quarter worth $34,000. Luken Investment Analytics LLC bought a new position in shares of BlackRock MuniYield Quality Fund in the second quarter worth $48,000. Pathway Financial Advisers LLC acquired a new position in shares of BlackRock MuniYield Quality Fund during the first quarter valued at $48,000. Finally, Clear Creek Financial Management LLC bought a new stake in shares of BlackRock MuniYield Quality Fund during the second quarter valued at about $154,000. Institutional investors and hedge funds own 25.51% of the company’s stock.

BlackRock MuniYield Quality Fund Trading Up 1.2 %

Shares of MQY opened at $12.75 on Monday. BlackRock MuniYield Quality Fund has a 52 week low of $11.32 and a 52 week high of $13.29. The stock has a 50 day moving average of $12.73 and a 200-day moving average of $12.51.

BlackRock MuniYield Quality Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a $0.058 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.70 dividend on an annualized basis and a yield of 5.46%.

BlackRock MuniYield Quality Fund Company Profile

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.