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

BlackRock Municipal Income Quality Trust (NYSE:BYM) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 24,400 shares, an increase of 90.6% from the May 31st total of 12,800 shares. Based on an average daily volume of 59,500 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On BlackRock Municipal Income Quality Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Moody National Bank Trust Division purchased a new stake in BlackRock Municipal Income Quality Trust during the fourth quarter valued at about $121,000. Summit Trail Advisors LLC acquired a new position in BlackRock Municipal Income Quality Trust in the 4th quarter worth approximately $129,000. Simon Quick Advisors LLC boosted its stake in BlackRock Municipal Income Quality Trust by 11.7% in the 4th quarter. Simon Quick Advisors LLC now owns 12,262 shares of the company’s stock worth $137,000 after purchasing an additional 1,284 shares during the period. Weiss Asset Management LP purchased a new position in BlackRock Municipal Income Quality Trust during the 4th quarter worth approximately $165,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in BlackRock Municipal Income Quality Trust by 12.3% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 22,127 shares of the company’s stock valued at $248,000 after purchasing an additional 2,431 shares during the period.

BlackRock Municipal Income Quality Trust Trading Up 0.4 %

BlackRock Municipal Income Quality Trust stock traded up $0.05 during mid-day trading on Friday, hitting $11.46. The company’s stock had a trading volume of 59,908 shares, compared to its average volume of 58,452. BlackRock Municipal Income Quality Trust has a twelve month low of $9.30 and a twelve month high of $11.65. The stock’s fifty day moving average price is $11.21 and its two-hundred day moving average price is $11.29.

BlackRock Municipal Income Quality Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be given a dividend of $0.052 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date of this dividend is Friday, June 14th.

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.