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

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 123,313 shares, a growth of 311.7% from the August 15th total of 29,954 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 151,271 shares, the short-interest ratio is currently 0.8 days.

BlackRock MuniYield New York Quality Fund Price Performance

Shares of NYSE:MYN opened at $9.25 on Friday. BlackRock MuniYield New York Quality Fund has a 12-month low of $9.12 and a 12-month high of $10.26. The business has a 50 day moving average of $9.79 and a two-hundred day moving average of $9.89.

BlackRock MuniYield New York Quality Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be issued a dividend of $0.0512 per share. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, December 11th.

Institutional Trading of BlackRock MuniYield New York Quality Fund

A number of hedge funds have recently added to or reduced their stakes in MYN. Rivernorth Capital Management LLC increased its stake in shares of BlackRock MuniYield New York Quality Fund by 411.5% in the 1st quarter. Rivernorth Capital Management LLC now owns 1,722,732 shares of the investment management company’s stock valued at $16,538,000 after purchasing an additional 1,385,904 shares in the last quarter. Bank of America Corp DE raised its holdings in BlackRock MuniYield New York Quality Fund by 132.7% in the 1st quarter. Bank of America Corp DE now owns 1,645,711 shares of the investment management company’s stock worth $15,799,000 after purchasing an additional 938,369 shares during the period. Allspring Global Investments Holdings LLC boosted its position in BlackRock MuniYield New York Quality Fund by 81.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,238,577 shares of the investment management company’s stock worth $11,890,000 after purchasing an additional 557,751 shares in the last quarter. Cetera Investment Advisers boosted its position in BlackRock MuniYield New York Quality Fund by 504.2% during the first quarter. Cetera Investment Advisers now owns 350,425 shares of the investment management company’s stock worth $3,364,000 after purchasing an additional 292,427 shares in the last quarter. Finally, Fiera Capital Corp acquired a new stake in BlackRock MuniYield New York Quality Fund in the fourth quarter valued at approximately $2,856,000. 29.32% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield New York Quality Fund Company Profile

BlackRock MuniYield New York Quality Fund (NYSE: MYN) is a diversified, closed-end management investment company that seeks to deliver current income exempt from federal and New York State income taxes. The fund primarily invests in a portfolio of municipal securities, with an emphasis on investment-grade obligations issued by entities located within New York State.

The fund’s investment strategy focuses on long-term, tax-exempt income by allocating assets to general obligation bonds, revenue bonds, and other municipal debt instruments rated in the upper tiers of the major credit rating agencies.