BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) Sees Large Drop in Short Interest

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 22,637 shares, a decrease of 16.2% from the January 15th total of 27,027 shares. Based on an average daily trading volume, of 45,797 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 45,797 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of BlackRock MuniHoldings New York Quality Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MHN. Allspring Global Investments Holdings LLC purchased a new position in shares of BlackRock MuniHoldings New York Quality Fund in the 3rd quarter valued at $5,061,000. Fiera Capital Corp purchased a new position in shares of BlackRock MuniHoldings New York Quality Fund during the fourth quarter worth about $2,899,000. Rivernorth Capital Management LLC grew its holdings in shares of BlackRock MuniHoldings New York Quality Fund by 8.8% during the fourth quarter. Rivernorth Capital Management LLC now owns 839,382 shares of the financial services provider’s stock worth $8,587,000 after purchasing an additional 68,142 shares during the last quarter. City of London Investment Management Co. Ltd. acquired a new stake in shares of BlackRock MuniHoldings New York Quality Fund during the third quarter worth about $579,000. Finally, Raymond James Financial Inc. lifted its holdings in shares of BlackRock MuniHoldings New York Quality Fund by 44.7% in the 2nd quarter. Raymond James Financial Inc. now owns 147,877 shares of the financial services provider’s stock valued at $1,452,000 after purchasing an additional 45,713 shares during the last quarter. Institutional investors and hedge funds own 28.22% of the company’s stock.

BlackRock MuniHoldings New York Quality Fund Stock Down 0.5%

BlackRock MuniHoldings New York Quality Fund stock traded down $0.06 during midday trading on Wednesday, reaching $10.29. The company’s stock had a trading volume of 39,852 shares, compared to its average volume of 49,107. The business has a 50-day simple moving average of $10.29 and a 200-day simple moving average of $10.18. BlackRock MuniHoldings New York Quality Fund has a fifty-two week low of $9.39 and a fifty-two week high of $10.64.

BlackRock MuniHoldings New York Quality Fund Announces Dividend

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

Analysts Set New Price Targets

Separately, Weiss Ratings initiated coverage on BlackRock MuniHoldings New York Quality Fund in a research note on Monday, January 5th. They issued a “hold (c-)” rating on the stock. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently 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.