BlackRock Municipal Income Quality Trust (NYSE:BYM) Short Interest Up 19.7% in July


BlackRock Municipal Income Quality Trust (NYSE: BYMGet a rating) benefited from a sharp increase in short-term interest during the month of July. As of July 15, there was short interest totaling 72,400 shares, an increase of 19.7% from the June 30 total of 60,500 shares. Based on an average daily volume of 75,500 shares, the day-to-cover ratio is currently 1.0 day.

Hedge funds weigh on BlackRock Municipal Income Quality Trust

Several large investors have recently bought and sold shares of BYM. Melone Private Wealth LLC increased its stake in shares of BlackRock Municipal Income Quality Trust by 16.4% in Q1. Melone Private Wealth LLC now owns 112,189 shares of the company valued at $1,377,000 after purchasing an additional 15,823 shares last quarter. Guggenheim Capital LLC increased its stake in shares of BlackRock Municipal Income Quality Trust by 12.2% in Q4. Guggenheim Capital LLC now owns 619,305 shares of the company valued at $9,668,000 after purchasing an additional 67,490 shares last quarter. Advisory Services Network LLC increased its stake in shares of BlackRock Municipal Income Quality Trust by 55.9% in Q2. Advisory Services Network LLC now owns 24,472 shares of the company valued at $303,000 after purchasing an additional 8,772 shares last quarter. Truist Financial Corp increased its stake in shares of BlackRock Municipal Income Quality Trust by 19.5% in Q2. Truist Financial Corp now owns 14,125 shares of the company valued at $175,000 after buying an additional 2,300 shares last quarter. Finally, Goodwin Daniel L increased his stake in shares of BlackRock Municipal Income Quality Trust by 8.2% in the 2nd quarter. Goodwin Daniel L now owns 39,622 shares of the company valued at $491,000 after buying an additional 3,000 shares last quarter.

BlackRock Municipal Income Quality Trust trades down 1.4%

NYSE: BYM opened at $13.80 on Friday. BlackRock Municipal Income Quality Trust has a one-year low of $11.43 and a one-year high of $16.50. The company has a fifty-day moving average price of $12.69 and a 200-day moving average price of $12.97.

BlackRock Municipal Income Quality Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, September 1. Investors of record on Monday August 15 will receive a dividend of $0.058 per share. This represents an annualized dividend of $0.70 and a yield of 5.04%. The ex-dividend date is Friday, August 12.

About BlackRock Municipal Income Quality Trust

(Get a rating)

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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Melissa C. Keyes