BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Shares Shorted: Short Interest Down 35.5% in October

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 207,300 shares, a decline of 35.5% from the September 30th total of 321,173 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 537,571 shares, the short-interest ratio is presently 0.4 days.

BlackRock MuniYield New York Quality Fund Stock Performance

Shares of MYN traded up $0.04 during trading hours on Tuesday, hitting $9.21. The stock had a trading volume of 116,687 shares, compared to its average volume of 210,506. BlackRock MuniYield New York Quality Fund has a 12 month low of $8.58 and a 12 month high of $10.22. The stock has a fifty day moving average price of $9.10 and a 200 day moving average price of $9.74.

BlackRock MuniYield New York Quality Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be given a dividend of $0.0512 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.61 annualized dividend and a dividend yield of 6.7%.

Hedge Funds Weigh In On BlackRock MuniYield New York Quality Fund

Several institutional investors have recently made changes to their positions in the business. Rivernorth Capital Management LLC increased its holdings in BlackRock MuniYield New York Quality Fund by 411.5% during the first quarter. Rivernorth Capital Management LLC now owns 1,722,732 shares of the investment management company’s stock valued at $16,538,000 after buying an additional 1,385,904 shares during the last quarter. Bank of America Corp DE lifted its holdings in BlackRock MuniYield New York Quality Fund by 132.7% during the first quarter. Bank of America Corp DE now owns 1,645,711 shares of the investment management company’s stock valued at $15,799,000 after purchasing an additional 938,369 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of BlackRock MuniYield New York Quality Fund by 81.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,238,577 shares of the investment management company’s stock valued at $11,890,000 after purchasing an additional 557,751 shares during the period. Robinson Capital Management LLC increased its stake in BlackRock MuniYield New York Quality Fund by 5.0% in the 2nd quarter. Robinson Capital Management LLC now owns 1,001,774 shares of the investment management company’s stock worth $10,168,000 after buying an additional 48,124 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of 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. Institutional investors own 29.32% of the company’s stock.

About BlackRock MuniYield New York Quality Fund

BlackRock MuniYield New York Quality Fund, Inc (NYSE: MYN) is a closed-end investment company that seeks to provide current income that is exempt from regular federal income taxes and New York State and New York City personal income taxes. The fund is designed for investors seeking tax-advantaged income through a professionally managed portfolio of municipal securities.

The fund invests primarily in long-term municipal obligations issued by or on behalf of municipalities and other public authorities in New York.