Short Interest in BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) Rises By 35.1%
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BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) experienced a 35.1% increase in short interest in January, totaling 83,814 shares. Currently, 0.3% of its stock is sold short, with a days-to-cover ratio of 1.8 days based on an average trading volume of 45,792 shares. Institutional investors have also increased their holdings, with 24.15% of the stock owned by such entities. The fund recently declared a monthly dividend of $0.0545 per share, payable on April 1st, representing an annualized yield of 5.4%.
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