Short Interest in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Rises By 311.7%

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYNGet Free Report) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 123,313 shares, an increase of 311.7% from the August 15th total of 29,954 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 151,271 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of BlackRock MuniYield New York Quality Fund

A number of institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC increased its holdings in shares of BlackRock MuniYield New York Quality Fund by 11.8% in the fourth quarter. NewEdge Advisors LLC now owns 14,200 shares of the investment management company’s stock valued at $141,000 after purchasing an additional 1,500 shares during the period. Equitable Holdings Inc. lifted its holdings in shares of BlackRock MuniYield New York Quality Fund by 14.6% during the third quarter. Equitable Holdings Inc. now owns 15,701 shares of the investment management company’s stock worth $156,000 after purchasing an additional 2,000 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co lifted its holdings in shares of BlackRock MuniYield New York Quality Fund by 5.6% during the first quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 56,785 shares of the investment management company’s stock worth $545,000 after purchasing an additional 3,000 shares during the period. Elyxium Wealth LLC acquired a new stake in shares of BlackRock MuniYield New York Quality Fund during the fourth quarter worth about $42,000. Finally, Janney Montgomery Scott LLC boosted its position in BlackRock MuniYield New York Quality Fund by 41.7% in the first quarter. Janney Montgomery Scott LLC now owns 15,851 shares of the investment management company’s stock valued at $152,000 after buying an additional 4,661 shares during the last quarter. 29.32% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield New York Quality Fund Stock Up 0.1%

Shares of BlackRock MuniYield New York Quality Fund stock opened at $9.25 on Monday. The firm’s 50 day moving average price is $9.79 and its 200-day moving average price is $9.89. BlackRock MuniYield New York Quality Fund has a 52-week low of $9.12 and a 52-week high of $10.26.

BlackRock MuniYield New York Quality Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be given a $0.0512 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%.

About BlackRock MuniYield New York Quality Fund

(Get Free Report)

BlackRock MuniYield New York Quality Fund, Inc (NYSE: MYN) is a non-diversified, closed-end management investment company. The fund seeks to provide current income that is exempt from regular federal income tax and New York State and New York City personal income taxes, while also seeking to preserve capital.

To pursue its objective, the fund invests primarily in municipal obligations issued by or on behalf of the State of New York, its municipalities, and other public authorities. Its portfolio may include bonds financing public infrastructure and essential services, such as transportation, education, utilities, health care, and housing.

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