BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Short Interest Update

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) saw a significant decline in short interest in February. As of February 28th, there was short interest totalling 15,900 shares, a decline of 15.0% from the February 13th total of 18,700 shares. Based on an average daily trading volume, of 110,300 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Citadel Advisors LLC bought a new position in shares of BlackRock MuniYield New York Quality Fund during the fourth quarter valued at approximately $106,000. PFG Investments LLC bought a new position in shares of BlackRock MuniYield New York Quality Fund during the fourth quarter valued at approximately $112,000. Tallon Kerry Patrick bought a new position in shares of BlackRock MuniYield New York Quality Fund during the fourth quarter valued at approximately $122,000. Atria Wealth Solutions Inc. bought a new position in BlackRock MuniYield New York Quality Fund in the fourth quarter worth approximately $128,000. Finally, Two Sigma Securities LLC bought a new position in BlackRock MuniYield New York Quality Fund in the fourth quarter worth approximately $161,000. Institutional investors own 29.32% of the company’s stock.

BlackRock MuniYield New York Quality Fund Trading Down 0.6 %

NYSE MYN traded down $0.06 during trading hours on Wednesday, hitting $9.87. 61,140 shares of the company were exchanged, compared to its average volume of 86,670. The stock has a 50-day moving average price of $10.15 and a 200 day moving average price of $10.36. BlackRock MuniYield New York Quality Fund has a 52 week low of $9.73 and a 52 week high of $10.87.

BlackRock MuniYield New York Quality Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.0512 per share. This is a boost from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.23%.

BlackRock MuniYield New York Quality Fund Company Profile

BlackRock MuniYield New York Quality Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in a portfolio of long-term investment grade municipal bonds exempt from federal income taxes and New York State and New York City personal income taxes.