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


BlackRock Municipal Income Quality Trust (NYSE:BYM – Get Rating) was the target of significant short-term interest growth during the month of May. As of May 31, there was short interest totaling 17,700 shares, a growth of 39.4% from the May 15 total of 12,700 shares. Based on an average trading volume of 78,300 shares, the short-term interest rate ratio is currently 0.2 days.

BlackRock Municipal Income Quality Trust stock traded down $0.02 during Wednesday’s trading, hitting $11.79. 71,215 shares of the company were traded, against an average volume of 71,995. The company’s 50-day moving average is $12.37 and its 200-day moving average is $13.68. BlackRock Municipal Income Quality Trust has a 52-week low of $11.43 and a 52-week high of $16.50.

The company also recently announced a monthly dividend, which will be paid on Friday, July 1. Investors of record on Wednesday, June 15 will receive a dividend of $0.058 per share. The ex-date of this dividend is Tuesday, June 14. This represents a dividend of $0.70 on an annualized basis and a dividend yield of 5.90%.

Institutional investors and hedge funds have recently been buying and selling stocks. Raymond James & Associates increased its stake in shares of BlackRock Municipal Income Quality Trust by 3.8% in the fourth quarter. Raymond James & Associates now owns 42,721 shares of the company valued at $667,000 after purchasing an additional 1,547 shares during the period. Greytown Advisors Inc. increased its holdings of BlackRock Municipal Income Quality Trust shares by 5.7% in the first quarter. Greytown Advisors Inc. now owns 39,163 shares of the company worth $520,000 after acquiring 2,115 additional shares during the period. Invesco Ltd. increased its holdings of BlackRock Municipal Income Quality Trust shares by 2.7% in the third quarter. Invesco Ltd. now owns 85,387 shares of the company worth $1,303,000 after acquiring an additional 2,232 shares during the period. Bank of America Corp DE increased its holdings of BlackRock Municipal Income Quality Trust shares by 1.9% in the fourth quarter. Bank of America Corp DE now owns 141,319 shares of the company worth $2,206,000 after acquiring 2,655 additional shares during the period. Finally, Royal Bank of Canada increased its holdings in BlackRock Municipal Income Quality Trust by 18.1% during the third quarter. Royal Bank of Canada now owns 34,946 shares of the company valued at $534,000 after purchasing an additional 5,344 shares during the period.

BlackRock Municipal Income Quality Trust Company Profile (Get an assessment)

BlackRock Municipal Income Quality Trust is a closed-end, fixed-income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in US bond markets. It invests primarily in high-quality municipal bonds that are exempt from federal income tax, including alternative minimum tax.

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