BlackRock Municipal Income Quality Trust (NYSE:BYM) Short Interest Down 26.7% in May
1,900,000 shares, a decrease of 33.8% from the May 15th total of 2,880,000 shares. Based on an average daily trading volume, of 400,000 shares, the short-interest ratio is presently 4.8 days. Short interest in BlackRock Municipal Income Quality Trust falls 33.8% in May.
( ) saw a notable decrease in short-term interest during the month May. On May 31, there were 24,700 shorted shares. This is a decline of 26,7% from May 15th's total of 33 700 shares. The short-interest rate is currently 0.4 days based on an average daily volume of 60,500 share.
BlackRock Municipal Income Trust Price Performance
During Friday's midday trading, a share of £11.11 was traded at a loss of $0.07. The stock traded 16,884 shares compared to the average of 60,098. BlackRock Municipal Income Quality Trust's 52-week low is $10.10, and its 52-week high is $14.08. Recently, the firm announced a monthly distribution that will be paid out on Monday, 3rd July. Dividends will be paid to shareholders who were in the record on June 15th. This is a $0.46 dividend annualized and a yield of 4.10%. This dividend will be ex-dividend on Wednesday, June 14.
Inflows of Institutional Capital and Outflows
Recently, several hedge funds and institutional investors made changes to the positions they hold in BYM. Pinnacle Bancorp Inc. bought a new BlackRock Municipal Income Quality Trust position in the first quarter valued at approximately $34,000. Virtu Financial LLC bought a new BlackRock Municipal Income Quality Trust position in the fourth quarter for approximately $122,000. Wolverine Asset Management LLC bought a new BlackRock Municipal Income Quality Trust position in the fourth quarter for approximately $143,000. Summit Trail Advisors LLC bought a new BlackRock Municipal Income Quality Trust position in the fourth-quarter worth approximately $152,000. International Assets Investment Management LLC also purchased a position in BlackRock Municipal Income Quality Trust during the fourth quarter. The purchase was worth about $152,000.
BlackRock Municipal Income Quality Trust Company profile
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BlackRock Municipal Income Quality Trust (also known as an investment trust) is a closed end fund/investment trust. Its investment goal is to generate current income that is exempt from federal income tax, including alternative minimum taxes. The Trust aims to meet its investment goal by investing at least 80% in municipal bonds that are exempt from federal taxes including the alternative minimal tax.
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