BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Shares Shorted: Short Interest Down 78.7% in October

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) was the recipient of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 44,069 shares, a drop of 78.7% from the October 15th total of 207,300 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 608,145 shares, the short-interest ratio is currently 0.1 days.

BlackRock MuniYield New York Quality Fund Stock Performance

NYSE MYN traded down $0.12 on Thursday, reaching $9.12. The stock had a trading volume of 62,580 shares, compared to its average volume of 218,492. The business has a 50 day moving average price of $9.04 and a 200 day moving average price of $9.71. BlackRock MuniYield New York Quality Fund has a 1 year low of $8.58 and a 1 year high of $10.22.

BlackRock MuniYield New York Quality Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be issued a $0.0512 dividend. The ex-dividend date is Friday, November 13th. This represents a $0.61 dividend on an annualized basis and a yield of 6.7%.

Hedge Funds Weigh In On BlackRock MuniYield New York Quality Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MYN. Joel Isaacson & Co. LLC increased its stake in shares of BlackRock MuniYield New York Quality Fund by 16.3% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 79,275 shares of the investment management company’s stock worth $694,000 after purchasing an additional 11,120 shares during the last quarter. StoneX Group Inc. bought a new position in shares of BlackRock MuniYield New York Quality Fund during the 3rd quarter valued at $109,000. W.G. Shaheen & Associates DBA Whitney & Co lifted its stake in shares of BlackRock MuniYield New York Quality Fund by 22.2% in the 3rd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 92,085 shares of the investment management company’s stock valued at $807,000 after purchasing an additional 16,742 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of BlackRock MuniYield New York Quality Fund by 9.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 242,984 shares of the investment management company’s stock valued at $2,129,000 after purchasing an additional 20,611 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of BlackRock MuniYield New York Quality Fund by 21.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 33,789 shares of the investment management company’s stock valued at $296,000 after purchasing an additional 6,026 shares during the last quarter. Institutional investors own 29.32% of the company’s stock.

About BlackRock MuniYield New York Quality Fund

BlackRock MuniYield New York Quality Fund is a closed-end investment fund managed by BlackRock Advisors, LLC. It seeks to provide investors with a high level of current income exempt from federal income taxes and New York State and New York City personal income taxes, while also seeking to preserve capital. The fund invests primarily in municipal obligations issued by or on behalf of New York State and its municipalities and public agencies. Its portfolio may include bonds that finance public services and infrastructure, with the fund’s income and risk profile depending on the securities it holds.