Short Interest in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Declines By 41.4%

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) saw a significant decrease in short interest in May. As of May 31st, there was short interest totalling 48,200 shares, a decrease of 41.4% from the May 15th total of 82,200 shares. Based on an average daily volume of 92,300 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the company’s shares are short sold.

BlackRock MuniYield New York Quality Fund Trading Up 0.3%

NYSE MYN traded up $0.03 on Monday, reaching $9.42. 72,251 shares of the stock traded hands, compared to its average volume of 94,848. BlackRock MuniYield New York Quality Fund has a 12 month low of $9.21 and a 12 month high of $10.87. The company has a fifty day moving average price of $9.57 and a 200-day moving average price of $9.96.

BlackRock MuniYield New York Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a $0.0512 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.61 annualized dividend and a dividend yield of 6.53%.

Institutional Trading of BlackRock MuniYield New York Quality Fund

Hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC bought a new stake in shares of BlackRock MuniYield New York Quality Fund in the 4th quarter valued at about $106,000. Sequoia Financial Advisors LLC purchased a new position in BlackRock MuniYield New York Quality Fund during the first quarter valued at approximately $106,000. Quantum Financial Planning Services Inc. purchased a new position in BlackRock MuniYield New York Quality Fund during the first quarter valued at approximately $120,000. Tallon Kerry Patrick bought a new position in BlackRock MuniYield New York Quality Fund in the fourth quarter worth approximately $122,000. Finally, Atria Wealth Solutions Inc. purchased a new stake in BlackRock MuniYield New York Quality Fund during the fourth quarter worth $128,000. 29.32% of the stock is owned by hedge funds and other institutional investors.

About BlackRock MuniYield New York Quality Fund

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.