BlackRock Municipal Income Quality Trust (NYSE:BYM) Short Interest Update

BlackRock Municipal Income Quality Trust (NYSE:BYM) was the recipient of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 10,700 shares, a decrease of 54.1% from the November 15th total of 23,300 shares. Based on an average trading volume of 61,800 shares, the days-to-cover ratio is presently 0.2 days.

BlackRock Municipal Income Quality Trust Stock Performance

Shares of BYM traded down $0.16 during trading hours on Friday, hitting $11.42. 116,938 shares of the company were exchanged, compared to its average volume of 57,245. BlackRock Municipal Income Quality Trust has a fifty-two week low of $10.78 and a fifty-two week high of $12.38. The firm’s fifty day moving average is $11.61 and its 200 day moving average is $11.66.

BlackRock Municipal Income Quality Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.0555 per share. The ex-dividend date is Monday, December 16th. This represents a $0.67 dividend on an annualized basis and a yield of 5.83%.

Hedge Funds Weigh In On BlackRock Municipal Income Quality Trust

Several hedge funds and other institutional investors have recently made changes to their positions in BYM. Larson Financial Group LLC acquired a new stake in shares of BlackRock Municipal Income Quality Trust during the 2nd quarter worth approximately $33,000. Rothschild Investment LLC bought a new position in shares of BlackRock Municipal Income Quality Trust in the 2nd quarter valued at $68,000. Pathway Financial Advisers LLC raised its holdings in shares of BlackRock Municipal Income Quality Trust by 1,104.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 5,888 shares of the company’s stock worth $71,000 after buying an additional 5,399 shares in the last quarter. Rosenberg Matthew Hamilton acquired a new position in shares of BlackRock Municipal Income Quality Trust during the 2nd quarter worth $83,000. Finally, Fortitude Family Office LLC acquired a new position in shares of BlackRock Municipal Income Quality Trust during the 3rd quarter worth $120,000.

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.