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

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

BlackRock MuniYield New York Quality Fund Stock Down 0.6 %

NYSE:MYN traded down $0.06 during midday trading on Wednesday, hitting $9.87. The stock had a trading volume of 61,140 shares, compared to its average volume of 86,670. BlackRock MuniYield New York Quality Fund has a one year low of $9.73 and a one year high of $10.87. The stock has a 50-day moving average of $10.15 and a 200 day moving average 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 paid a $0.0512 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.61 annualized dividend and a yield of 6.23%. This is a boost from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.04.

Institutional Trading of BlackRock MuniYield New York Quality Fund

Hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC purchased a new stake in BlackRock MuniYield New York Quality Fund during the fourth quarter worth $106,000. PFG Investments LLC purchased a new stake in BlackRock MuniYield New York Quality Fund during the fourth quarter worth $112,000. Tallon Kerry Patrick purchased a new stake in BlackRock MuniYield New York Quality Fund during the fourth quarter worth $122,000. Atria Wealth Solutions Inc. purchased a new stake in BlackRock MuniYield New York Quality Fund during the fourth quarter worth $128,000. Finally, Walleye Capital LLC purchased a new stake in BlackRock MuniYield New York Quality Fund during the third quarter worth $167,000. Hedge funds and other institutional investors own 29.32% of the company’s stock.

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.