Short Interest in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) Declines By 88.2%

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) saw a significant decline in short interest in December. As of December 31st, there was short interest totaling 1,823 shares, a decline of 88.2% from the December 15th total of 15,447 shares. Based on an average daily volume of 104,092 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 104,092 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On BlackRock MuniHoldings New York Quality Fund

A number of hedge funds have recently modified their holdings of the company. United Financial Planning Group LLC acquired a new position in BlackRock MuniHoldings New York Quality Fund in the 3rd quarter valued at about $30,000. Steward Partners Investment Advisory LLC lifted its holdings in BlackRock MuniHoldings New York Quality Fund by 117.8% in the second quarter. Steward Partners Investment Advisory LLC now owns 5,695 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 3,080 shares during the last quarter. Arlington Financial Advisors LLC purchased a new position in BlackRock MuniHoldings New York Quality Fund in the third quarter worth approximately $108,000. Ameriprise Financial Inc. purchased a new stake in BlackRock MuniHoldings New York Quality Fund in the third quarter valued at $120,000. Finally, Breakwater Capital Group acquired a new position in shares of BlackRock MuniHoldings New York Quality Fund in the 3rd quarter valued at $123,000. Hedge funds and other institutional investors own 28.22% of the company’s stock.

BlackRock MuniHoldings New York Quality Fund Trading Down 0.4%

Shares of BlackRock MuniHoldings New York Quality Fund stock traded down $0.04 on Monday, hitting $10.33. 27,425 shares of the company were exchanged, compared to its average volume of 80,414. The company has a 50-day moving average price of $10.29 and a 200 day moving average price of $10.07. BlackRock MuniHoldings New York Quality Fund has a 1-year low of $9.39 and a 1-year high of $10.64.

BlackRock MuniHoldings New York Quality Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 6th will be paid a $0.0515 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on BlackRock MuniHoldings New York Quality Fund in a research report on Monday, January 5th. They set a “hold (c-)” rating for the company. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

About BlackRock MuniHoldings New York Quality Fund

BlackRock MuniHoldings New York Quality Fund (NYSE: MHN) is a closed-end management investment company that seeks to provide current income exempt from federal and New York state income taxes. The fund primarily invests in investment-grade municipal securities issued by the State of New York and its political subdivisions, offering investors targeted exposure to the public finance activities of one of the nation’s largest municipal bond markets.

The fund’s portfolio is concentrated in high-quality, tax-exempt obligations such as general obligation bonds and revenue bonds backed by state and local government revenues.