BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Stock Short Interest Report for September

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 321,173 shares, a growth of 295.0% from the September 15th total of 81,303 shares. Based on an average daily volume of 361,863 shares, the short-interest ratio is currently 0.9 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC purchased a new position in shares of BlackRock MuniYield New York Quality Fund in the 3rd quarter worth $26,000. Robinson Capital Management LLC grew its holdings in shares of BlackRock MuniYield New York Quality Fund by 5.0% in the second quarter. Robinson Capital Management LLC now owns 1,001,774 shares of the investment management company’s stock worth $10,168,000 after acquiring an additional 48,124 shares during the period. Baird Financial Group Inc. grew its holdings in shares of BlackRock MuniYield New York Quality Fund by 26.2% in the second quarter. Baird Financial Group Inc. now owns 76,029 shares of the investment management company’s stock worth $772,000 after acquiring an additional 15,804 shares during the period. Readystate Asset Management LP purchased a new stake in BlackRock MuniYield New York Quality Fund during the second quarter valued at $188,000. Finally, WNY Asset Management LLC purchased a new stake in BlackRock MuniYield New York Quality Fund during the first quarter valued at $1,249,000. 29.32% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield New York Quality Fund Stock Down 0.6%

BlackRock MuniYield New York Quality Fund stock traded down $0.05 during midday trading on Monday, reaching $8.74. 228,119 shares of the company traded hands, compared to its average volume of 181,323. The business has a 50 day moving average of $9.35 and a two-hundred day moving average of $9.72. BlackRock MuniYield New York Quality Fund has a 12 month low of $8.58 and a 12 month high of $10.26.

BlackRock MuniYield New York Quality Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be given a $0.0512 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend is Friday, December 11th.

BlackRock MuniYield New York Quality Fund Company Profile

BlackRock MuniYield New York Quality Fund, Inc is a closed-end management investment company listed on the New York Stock Exchange under the symbol MYN. The fund seeks to provide current income exempt from federal income tax and New York State and New York City personal income taxes by investing primarily in municipal obligations.

The fund invests in bonds and other fixed-income securities issued by or on behalf of New York State, New York City, and related municipalities, public authorities, and governmental entities.