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

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) saw a large drop in short interest in December. As of December 15th, there was short interest totaling 15,447 shares, a drop of 48.0% from the November 30th total of 29,718 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 89,005 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 89,005 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Trading of BlackRock MuniHoldings New York Quality Fund

A number of hedge funds and other institutional investors have recently modified their holdings of MHN. Allspring Global Investments Holdings LLC acquired a new position in BlackRock MuniHoldings New York Quality Fund during the third quarter valued at approximately $5,061,000. City of London Investment Management Co. Ltd. bought a new stake in shares of BlackRock MuniHoldings New York Quality Fund during the 3rd quarter worth approximately $579,000. Raymond James Financial Inc. boosted 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 buying an additional 45,713 shares during the last quarter. TrueMark Investments LLC bought a new position in shares of BlackRock MuniHoldings New York Quality Fund in the third quarter valued at $382,000. Finally, Guggenheim Capital LLC grew its stake in shares of BlackRock MuniHoldings New York Quality Fund by 5.4% in the second quarter. Guggenheim Capital LLC now owns 654,119 shares of the financial services provider’s stock valued at $6,423,000 after buying an additional 33,328 shares in the last quarter. Institutional investors and hedge funds own 28.22% of the company’s stock.

BlackRock MuniHoldings New York Quality Fund Stock Performance

Shares of MHN stock traded down $0.05 during trading on Friday, reaching $10.22. The company’s stock had a trading volume of 31,092 shares, compared to its average volume of 87,781. BlackRock MuniHoldings New York Quality Fund has a one year low of $9.39 and a one year high of $10.65. The business has a fifty day moving average price of $10.32 and a 200-day moving average price of $10.02.

BlackRock MuniHoldings New York Quality Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be paid a dividend of $0.0515 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Monday, December 22nd.

BlackRock MuniHoldings New York Quality Fund Company Profile

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.