BlackRock Municipal Income Quality Trust (NYSE:BYM) Short Interest Down 63.3% in February

BlackRock Municipal Income Quality Trust (NYSE:BYM) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 5,100 shares, a drop of 63.3% from the February 13th total of 13,900 shares. Based on an average trading volume of 106,700 shares, the short-interest ratio is currently 0.0 days.

BlackRock Municipal Income Quality Trust Stock Down 0.8 %

Shares of NYSE:BYM traded down $0.09 during midday trading on Friday, hitting $10.80. The stock had a trading volume of 84,527 shares, compared to its average volume of 70,255. BlackRock Municipal Income Quality Trust has a 1 year low of $10.65 and a 1 year high of $12.38. The stock has a 50 day moving average price of $11.13 and a two-hundred day moving average price of $11.44.

BlackRock Municipal Income Quality Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.0555 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date of this dividend is Friday, March 14th.

Hedge Funds Weigh In On BlackRock Municipal Income Quality Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in BYM. Larson Financial Group LLC boosted its stake in shares of BlackRock Municipal Income Quality Trust by 225.4% in the third quarter. Larson Financial Group LLC now owns 9,438 shares of the company’s stock valued at $114,000 after buying an additional 6,538 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in BlackRock Municipal Income Quality Trust by 33.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 641,301 shares of the company’s stock valued at $6,958,000 after acquiring an additional 159,220 shares during the period. Simon Quick Advisors LLC purchased a new stake in shares of BlackRock Municipal Income Quality Trust during the 4th quarter worth $109,000. Indiana Trust & Investment Management Co grew its stake in shares of BlackRock Municipal Income Quality Trust by 1.4% during the 4th quarter. Indiana Trust & Investment Management Co now owns 95,726 shares of the company’s stock worth $1,039,000 after purchasing an additional 1,316 shares during the period. Finally, Van ECK Associates Corp increased its holdings in shares of BlackRock Municipal Income Quality Trust by 6.6% in the 4th quarter. Van ECK Associates Corp now owns 197,605 shares of the company’s stock valued at $2,144,000 after purchasing an additional 12,224 shares in the last quarter.

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.