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 growth in short interest in March. As of March 15th, there was short interest totalling 53,400 shares, a growth of 235.8% from the February 28th total of 15,900 shares. Based on an average daily trading volume, of 111,800 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the company’s stock are short sold.

BlackRock MuniYield New York Quality Fund Trading Down 1.0 %

Shares of BlackRock MuniYield New York Quality Fund stock traded down $0.10 during trading hours on Thursday, reaching $9.84. 75,638 shares of the company’s stock were exchanged, compared to its average volume of 88,189. The company has a 50 day moving average of $10.13 and a two-hundred day moving average of $10.34. BlackRock MuniYield New York Quality Fund has a fifty-two week low of $9.81 and a fifty-two week high of $10.87.

BlackRock MuniYield New York Quality Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.0512 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.04. This represents a $0.61 annualized dividend and a yield of 6.25%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Guggenheim Capital LLC boosted its holdings in shares of BlackRock MuniYield New York Quality Fund by 8.1% in the 4th quarter. Guggenheim Capital LLC now owns 825,819 shares of the investment management company’s stock valued at $8,324,000 after buying an additional 61,533 shares during the last quarter. Bank of America Corp DE raised its position in BlackRock MuniYield New York Quality Fund by 16.1% during the fourth quarter. Bank of America Corp DE now owns 562,629 shares of the investment management company’s stock worth $5,671,000 after acquiring an additional 77,915 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in BlackRock MuniYield New York Quality Fund by 43.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 462,824 shares of the investment management company’s stock valued at $4,665,000 after acquiring an additional 140,674 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of BlackRock MuniYield New York Quality Fund in the 4th quarter valued at about $577,000. Finally, Breakwater Capital Group increased its stake in shares of BlackRock MuniYield New York Quality Fund by 17.8% during the 4th quarter. Breakwater Capital Group now owns 55,377 shares of the investment management company’s stock worth $558,000 after purchasing an additional 8,374 shares during the last quarter. 29.32% of the stock is currently owned by institutional investors.

BlackRock MuniYield New York Quality Fund Company Profile

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.