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

BlackRock Municipal Income Quality Trust (NYSE:BYMGet Free Report) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 23,300 shares, an increase of 20.1% from the October 31st total of 19,400 shares. Based on an average trading volume of 59,900 shares, the days-to-cover ratio is currently 0.4 days.

BlackRock Municipal Income Quality Trust Stock Performance

Shares of BYM opened at $11.69 on Tuesday. The company has a 50 day moving average of $11.67 and a two-hundred day moving average of $11.64. BlackRock Municipal Income Quality Trust has a twelve month low of $10.78 and a twelve month high of $12.38.

BlackRock Municipal Income Quality Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a dividend of $0.0555 per share. The ex-dividend date was Friday, November 15th. This represents a $0.67 annualized dividend and a yield of 5.70%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Rosenberg Matthew Hamilton purchased a new position in BlackRock Municipal Income Quality Trust in the 2nd quarter worth $83,000. Rothschild Investment LLC purchased a new position in shares of BlackRock Municipal Income Quality Trust in the second quarter worth about $68,000. Allegheny Financial Group LTD lifted its holdings in shares of BlackRock Municipal Income Quality Trust by 15.5% during the second quarter. Allegheny Financial Group LTD now owns 175,377 shares of the company’s stock worth $2,010,000 after purchasing an additional 23,486 shares during the period. Rinkey Investments boosted its position in BlackRock Municipal Income Quality Trust by 46.9% in the second quarter. Rinkey Investments now owns 44,500 shares of the company’s stock valued at $510,000 after buying an additional 14,200 shares during the last quarter. Finally, Larson Financial Group LLC acquired a new position in BlackRock Municipal Income Quality Trust in the 2nd quarter worth approximately $33,000.

About BlackRock Municipal Income Quality Trust

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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.

Further Reading

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