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

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Elequin Capital LP purchased a new position in BlackRock Municipal Income Quality Trust in the fourth quarter worth $55,000. Simon Quick Advisors LLC bought a new stake in BlackRock Municipal Income Quality Trust during the fourth quarter worth about $109,000. Larson Financial Group LLC increased its position in shares of 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 purchasing an additional 6,538 shares during the last quarter. Atala Financial Inc purchased a new position in shares of BlackRock Municipal Income Quality Trust during the 4th quarter valued at about $148,000. Finally, Nuveen Asset Management LLC bought a new stake in BlackRock Municipal Income Quality Trust in the 4th quarter worth approximately $159,000.

BlackRock Municipal Income Quality Trust Stock Up 0.4 %

BYM opened at $10.74 on Monday. BlackRock Municipal Income Quality Trust has a 12 month low of $10.65 and a 12 month high of $12.38. The company has a 50 day moving average of $11.10 and a 200 day moving average of $11.36.

BlackRock Municipal Income Quality Trust Dividend Announcement

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

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.