BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) Short Interest Update

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) saw a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 14,600 shares, a decline of 31.5% from the January 31st total of 21,300 shares. Based on an average trading volume of 80,400 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On BlackRock MuniHoldings New York Quality Fund

A number of institutional investors and hedge funds have recently made changes to their positions in MHN. Rivernorth Capital Management LLC increased its holdings in BlackRock MuniHoldings New York Quality Fund by 38.7% in the third quarter. Rivernorth Capital Management LLC now owns 1,070,573 shares of the financial services provider’s stock valued at $11,948,000 after purchasing an additional 298,947 shares during the last quarter. Bank of America Corp DE increased its holdings in BlackRock MuniHoldings New York Quality Fund by 49.9% in the fourth quarter. Bank of America Corp DE now owns 442,732 shares of the financial services provider’s stock valued at $4,578,000 after purchasing an additional 147,361 shares during the last quarter. Raymond James Financial Inc. bought a new stake in BlackRock MuniHoldings New York Quality Fund in the fourth quarter valued at about $1,058,000. Wolverine Asset Management LLC increased its holdings in BlackRock MuniHoldings New York Quality Fund by 4,029.9% in the third quarter. Wolverine Asset Management LLC now owns 37,582 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 36,672 shares during the last quarter. Finally, Guggenheim Capital LLC increased its holdings in BlackRock MuniHoldings New York Quality Fund by 4.9% in the fourth quarter. Guggenheim Capital LLC now owns 619,360 shares of the financial services provider’s stock valued at $6,404,000 after purchasing an additional 28,694 shares during the last quarter. Institutional investors own 28.22% of the company’s stock.

BlackRock MuniHoldings New York Quality Fund Stock Performance

MHN stock opened at $10.59 on Wednesday. BlackRock MuniHoldings New York Quality Fund has a twelve month low of $10.18 and a twelve month high of $11.20. The business has a fifty day moving average of $10.46 and a 200-day moving average of $10.69.

BlackRock MuniHoldings New York Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.0515 per share. The ex-dividend date is Friday, March 14th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.84%.

BlackRock MuniHoldings New York Quality Fund Company Profile

BlackRock MuniHoldings 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 investment grade New York municipal obligations exempt from federal income taxes and New York State and New York City personal income taxes.