BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Short Interest Update

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 15,900 shares, a drop of 15.0% from the February 13th total of 18,700 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 110,300 shares, the days-to-cover ratio is presently 0.1 days.

BlackRock MuniYield New York Quality Fund Trading Down 0.2 %

Shares of MYN stock opened at $9.90 on Thursday. BlackRock MuniYield New York Quality Fund has a 52 week low of $9.81 and a 52 week high of $10.87. The company has a 50 day moving average price of $10.14 and a 200-day moving average price of $10.36.

BlackRock MuniYield New York Quality Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.0512 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.61 annualized dividend and a dividend yield of 6.21%. This is a positive change from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.04.

Hedge Funds Weigh In On BlackRock MuniYield New York Quality Fund

Several institutional investors have recently made changes to their positions in MYN. Citadel Advisors LLC purchased a new position in BlackRock MuniYield New York Quality Fund during the fourth quarter valued at $106,000. PFG Investments LLC bought a new stake in BlackRock MuniYield New York Quality Fund during the 4th quarter valued at approximately $112,000. Tallon Kerry Patrick purchased a new position in BlackRock MuniYield New York Quality Fund in the 4th quarter worth approximately $122,000. Atria Wealth Solutions Inc. bought a new position in BlackRock MuniYield New York Quality Fund in the 4th quarter worth approximately $128,000. Finally, Two Sigma Securities LLC purchased a new stake in BlackRock MuniYield New York Quality Fund during the 4th quarter valued at approximately $161,000. Institutional investors own 29.32% of the company’s stock.

About BlackRock MuniYield New York Quality Fund

BlackRock MuniYield New York Quality Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in a portfolio of long-term investment grade municipal bonds exempt from federal income taxes and New York State and New York City personal income taxes.