Short Interest in BlackRock Municipal Income Quality Trust (NYSE:BYM) Increases By 84.3%

BlackRock Municipal Income Quality Trust (NYSE:BYM) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 9,400 shares, a growth of 84.3% from the February 28th total of 5,100 shares. Based on an average trading volume of 114,900 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On BlackRock Municipal Income Quality Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BYM. Elequin Capital LP bought a new stake in shares of BlackRock Municipal Income Quality Trust during the 4th quarter valued at $55,000. Simon Quick Advisors LLC bought a new position in shares of BlackRock Municipal Income Quality Trust in the 4th quarter worth about $109,000. Larson Financial Group LLC lifted its position in BlackRock Municipal Income Quality Trust by 225.4% during the 3rd quarter. Larson Financial Group LLC now owns 9,438 shares of the company’s stock valued at $114,000 after acquiring an additional 6,538 shares during the period. Atala Financial Inc bought a new stake in BlackRock Municipal Income Quality Trust during the fourth quarter worth about $148,000. Finally, Nuveen Asset Management LLC purchased a new stake in BlackRock Municipal Income Quality Trust in the fourth quarter worth about $159,000.

BlackRock Municipal Income Quality Trust Price Performance

BYM opened at $10.74 on Monday. The stock’s 50 day moving average price is $11.10 and its 200-day moving average price is $11.36. BlackRock Municipal Income Quality Trust has a 52-week low of $10.65 and a 52-week high of $12.38.

BlackRock Municipal Income Quality Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.0555 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.67 annualized dividend and a dividend yield of 6.20%.

BlackRock Municipal Income Quality Trust Company Profile

BlackRock Municipal Income Quality Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds exempt from federal income taxes, including the alternative minimum tax.