Short Interest in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) Decreases By 31.5%

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) was the recipient of a significant decline in short interest in 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.

BlackRock MuniHoldings New York Quality Fund Stock Up 0.3 %

Shares of MHN traded up $0.03 during mid-day trading on Monday, hitting $10.61. 66,597 shares of the company traded hands, compared to its average volume of 57,647. The stock has a 50-day moving average price of $10.45 and a two-hundred day moving average price of $10.69. BlackRock MuniHoldings New York Quality Fund has a 1 year low of $10.18 and a 1 year high of $11.20.

BlackRock MuniHoldings New York Quality Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a $0.0515 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date of this dividend is Friday, February 14th.

Institutional Trading of BlackRock MuniHoldings New York Quality Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Generation Capital Management LLC purchased a new position in BlackRock MuniHoldings New York Quality Fund during the fourth quarter valued at approximately $119,000. Sanctuary Advisors LLC bought a new position in BlackRock MuniHoldings New York Quality Fund during the third quarter valued at $122,000. Envestnet Asset Management Inc. lifted its stake in shares of BlackRock MuniHoldings New York Quality Fund by 32.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 15,679 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 3,810 shares during the last quarter. Stephens Inc. AR purchased a new stake in shares of BlackRock MuniHoldings New York Quality Fund in the fourth quarter valued at $166,000. Finally, Broyhill Asset Management bought a new position in BlackRock MuniHoldings New York Quality Fund during the 4th quarter valued at about $253,000. 28.22% of the stock is owned by hedge funds and other institutional investors.

About BlackRock MuniHoldings New York Quality Fund

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.