BlackRock Municipal Income Quality Trust (NYSE:BYM) Short Interest Up 107.5% in December

BlackRock Municipal Income Quality Trust (NYSE:BYM) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 22,200 shares, an increase of 107.5% from the November 30th total of 10,700 shares. Based on an average daily trading volume, of 75,800 shares, the days-to-cover ratio is presently 0.3 days.

BlackRock Municipal Income Quality Trust Stock Down 0.6 %

BYM traded down $0.06 on Friday, reaching $10.71. The company had a trading volume of 256,633 shares, compared to its average volume of 62,601. BlackRock Municipal Income Quality Trust has a fifty-two week low of $10.65 and a fifty-two week high of $12.38. The company’s fifty day moving average is $11.41 and its 200 day moving average is $11.65.

BlackRock Municipal Income Quality Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.0555 per share. The ex-dividend date is Monday, December 16th. This represents a $0.67 annualized dividend and a dividend yield of 6.22%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Melone Private Wealth LLC increased its position in BlackRock Municipal Income Quality Trust by 0.9% during the 3rd quarter. Melone Private Wealth LLC now owns 168,883 shares of the company’s stock worth $2,033,000 after purchasing an additional 1,488 shares in the last quarter. Larson Financial Group LLC bought a new position in shares of BlackRock Municipal Income Quality Trust in the 2nd quarter valued at $33,000. Pathway Financial Advisers LLC boosted 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 valued at $71,000 after acquiring an additional 5,399 shares in the last quarter. Rothschild Investment LLC bought a new stake in BlackRock Municipal Income Quality Trust during the 2nd quarter worth $68,000. Finally, Fortitude Family Office LLC acquired a new position in BlackRock Municipal Income Quality Trust in the 3rd quarter worth about $120,000.

About BlackRock Municipal Income Quality Trust

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.