BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) Short Interest Down 72.8% in February

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) was the target of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 26,000 shares, a drop of 72.8% from the January 31st total of 95,500 shares. Based on an average trading volume of 251,600 shares, the short-interest ratio is currently 0.1 days.

BlackRock MuniYield Quality Fund Stock Up 0.8 %

MQY traded up $0.09 during trading on Friday, hitting $12.08. The company’s stock had a trading volume of 107,343 shares, compared to its average volume of 197,555. BlackRock MuniYield Quality Fund has a one year low of $11.43 and a one year high of $13.29. The business’s 50 day simple moving average is $11.80 and its 200-day simple moving average is $12.38.

BlackRock MuniYield Quality Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a $0.058 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 5.76%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Cornerstone Advisory LLC raised its position in BlackRock MuniYield Quality Fund by 17.1% in the fourth quarter. Cornerstone Advisory LLC now owns 1,007,724 shares of the financial services provider’s stock worth $12,012,000 after acquiring an additional 147,141 shares during the period. Elequin Capital LP bought a new position in BlackRock MuniYield Quality Fund in the fourth quarter worth approximately $107,000. Nomura Holdings Inc. bought a new position in BlackRock MuniYield Quality Fund in the fourth quarter worth approximately $406,000. Logan Stone Capital LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund in the fourth quarter worth $230,000. Finally, Cetera Investment Advisers increased its stake in shares of BlackRock MuniYield Quality Fund by 8.4% in the fourth quarter. Cetera Investment Advisers now owns 21,621 shares of the financial services provider’s stock worth $249,000 after purchasing an additional 1,680 shares in the last quarter. 25.51% of the stock is currently owned by institutional investors.

About BlackRock MuniYield Quality Fund

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.