BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN – Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 207,300 shares, a decrease of 35.5% from the September 30th total of 321,173 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 537,571 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Trading of BlackRock MuniYield New York Quality Fund
Several institutional investors and hedge funds have recently bought and sold shares of the company. Oppenheimer & Co. Inc. boosted its position in shares of BlackRock MuniYield New York Quality Fund by 21.7% during the third quarter. Oppenheimer & Co. Inc. now owns 33,789 shares of the investment management company’s stock worth $296,000 after buying an additional 6,026 shares during the period. Arnhold LLC increased its holdings in shares of BlackRock MuniYield New York Quality Fund by 87.8% during the 3rd quarter. Arnhold LLC now owns 80,188 shares of the investment management company’s stock valued at $702,000 after acquiring an additional 37,500 shares during the last quarter. CoreCap Advisors LLC bought a new stake in shares of BlackRock MuniYield New York Quality Fund during the 3rd quarter worth $26,000. Robinson Capital Management LLC lifted its position in shares of BlackRock MuniYield New York Quality Fund by 5.0% during the 2nd quarter. Robinson Capital Management LLC now owns 1,001,774 shares of the investment management company’s stock worth $10,168,000 after purchasing an additional 48,124 shares during the last quarter. Finally, Baird Financial Group Inc. raised its position in shares of BlackRock MuniYield New York Quality Fund by 26.2% during the second quarter. Baird Financial Group Inc. now owns 76,029 shares of the investment management company’s stock valued at $772,000 after buying an additional 15,804 shares during the last quarter. Institutional investors and hedge funds own 29.32% of the company’s stock.
BlackRock MuniYield New York Quality Fund Stock Performance
NYSE MYN opened at $9.14 on Monday. The firm’s fifty day moving average is $9.12 and its two-hundred day moving average is $9.74. BlackRock MuniYield New York Quality Fund has a one year low of $8.58 and a one year high of $10.22.
BlackRock MuniYield New York Quality Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be paid a dividend of $0.0512 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.61 dividend on an annualized basis and a yield of 6.7%.
About BlackRock MuniYield New York Quality Fund
BlackRock MuniYield New York Quality Fund, Inc (NYSE: MYN) is a closed-end investment company that seeks to provide current income that is exempt from regular federal income taxes and New York State and New York City personal income taxes. The fund is designed for investors seeking tax-advantaged income through a professionally managed portfolio of municipal securities.
The fund invests primarily in long-term municipal obligations issued by or on behalf of municipalities and other public authorities in New York.
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