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 significant increase in short interest in March. As of March 15th, there was short interest totalling 53,400 shares, an increase 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 sold short.

Hedge Funds Weigh In On BlackRock MuniYield New York Quality Fund

A number of large investors have recently added to or reduced their stakes in the company. Arnhold LLC boosted its position in shares of BlackRock MuniYield New York Quality Fund by 8.9% during the fourth quarter. Arnhold LLC now owns 40,400 shares of the investment management company’s stock worth $407,000 after buying an additional 3,300 shares during the period. Breakwater Capital Group lifted its stake in BlackRock MuniYield New York Quality Fund by 17.8% in the 4th quarter. Breakwater Capital Group now owns 55,377 shares of the investment management company’s stock valued at $558,000 after acquiring an additional 8,374 shares in the last quarter. Joseph P. Lucia & Associates LLC lifted its stake in BlackRock MuniYield New York Quality Fund by 81.0% in the 4th quarter. Joseph P. Lucia & Associates LLC now owns 20,963 shares of the investment management company’s stock valued at $211,000 after acquiring an additional 9,380 shares in the last quarter. Citadel Advisors LLC acquired a new position in BlackRock MuniYield New York Quality Fund during the 4th quarter worth approximately $106,000. Finally, LPL Financial LLC grew its stake in shares of BlackRock MuniYield New York Quality Fund by 26.1% during the 4th quarter. LPL Financial LLC now owns 53,448 shares of the investment management company’s stock worth $539,000 after acquiring an additional 11,071 shares in the last quarter. Institutional investors own 29.32% of the company’s stock.

BlackRock MuniYield New York Quality Fund Stock Down 1.0 %

Shares of BlackRock MuniYield New York Quality Fund stock traded down $0.10 on Thursday, hitting $9.84. The company had a trading volume of 75,638 shares, compared to its average volume of 88,189. The stock has a 50-day moving average of $10.13 and a 200-day moving average of $10.34. BlackRock MuniYield New York Quality Fund has a twelve month low of $9.81 and a twelve month high of $10.87.

BlackRock MuniYield New York Quality Fund Increases Dividend

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

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.