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

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) was the target of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 20,600 shares, a drop of 74.1% from the January 15th total of 79,500 shares. Based on an average daily trading volume, of 110,800 shares, the days-to-cover ratio is currently 0.2 days.

BlackRock MuniYield New York Quality Fund Price Performance

Shares of BlackRock MuniYield New York Quality Fund stock traded down $0.11 during midday trading on Wednesday, reaching $10.10. The company had a trading volume of 52,506 shares, compared to its average volume of 98,832. The stock has a fifty day moving average price of $10.22 and a 200 day moving average price of $10.42. BlackRock MuniYield New York Quality Fund has a fifty-two week low of $9.99 and a fifty-two week high of $10.87.

BlackRock MuniYield New York Quality Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a $0.0512 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.04. This represents a $0.61 annualized dividend and a dividend yield of 6.08%.

Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund

Several large investors have recently added to or reduced their stakes in MYN. LPL Financial LLC boosted its position in shares of BlackRock MuniYield New York Quality Fund by 26.1% during the 4th quarter. LPL Financial LLC now owns 53,448 shares of the investment management company’s stock worth $539,000 after purchasing an additional 11,071 shares in the last quarter. Raymond James Financial Inc. bought a new stake in BlackRock MuniYield New York Quality Fund during the 4th quarter valued at $577,000. Atria Wealth Solutions Inc. acquired a new position in BlackRock MuniYield New York Quality Fund during the fourth quarter worth $128,000. Allspring Global Investments Holdings LLC lifted its stake in shares of BlackRock MuniYield New York Quality Fund by 43.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 462,824 shares of the investment management company’s stock valued at $4,665,000 after buying an additional 140,674 shares in the last quarter. Finally, Joseph P. Lucia & Associates LLC grew its holdings in shares of BlackRock MuniYield New York Quality Fund by 81.0% during the fourth quarter. Joseph P. Lucia & Associates LLC now owns 20,963 shares of the investment management company’s stock valued at $211,000 after buying an additional 9,380 shares during the last quarter. Institutional investors and hedge funds own 29.32% of the company’s stock.

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.