Short Interest in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) Declines By 19.9%

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 25,700 shares, a decline of 19.9% from the November 15th total of 32,100 shares. Based on an average trading volume of 59,100 shares, the days-to-cover ratio is presently 0.4 days.

BlackRock MuniHoldings New York Quality Fund Trading Down 1.3 %

MHN traded down $0.14 during trading on Friday, reaching $10.70. The company had a trading volume of 35,992 shares, compared to its average volume of 51,603. The firm’s 50-day simple moving average is $10.81 and its 200 day simple moving average is $10.81. BlackRock MuniHoldings New York Quality Fund has a 12-month low of $10.18 and a 12-month high of $11.20.

BlackRock MuniHoldings New York Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.0515 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.62 annualized dividend and a yield of 5.78%.

Hedge Funds Weigh In On BlackRock MuniHoldings New York Quality Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. grew its stake in shares of BlackRock MuniHoldings New York Quality Fund by 1.1% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 521,661 shares of the financial services provider’s stock valued at $5,613,000 after buying an additional 5,622 shares in the last quarter. Herold Advisors Inc. acquired a new stake in BlackRock MuniHoldings New York Quality Fund in the 2nd quarter worth approximately $186,000. Commonwealth Equity Services LLC lifted its holdings in BlackRock MuniHoldings New York Quality Fund by 4.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 66,959 shares of the financial services provider’s stock worth $720,000 after purchasing an additional 2,660 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in BlackRock MuniHoldings New York Quality Fund by 53.7% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 28,500 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 9,963 shares during the last quarter. Finally, Whitebox Advisors LLC lifted its holdings in BlackRock MuniHoldings New York Quality Fund by 174.7% in the 2nd quarter. Whitebox Advisors LLC now owns 139,973 shares of the financial services provider’s stock worth $1,506,000 after purchasing an additional 89,010 shares during the last quarter. Hedge funds and other institutional investors own 28.22% of the company’s stock.

About BlackRock MuniHoldings New York Quality Fund

BlackRock MuniHoldings 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 investment grade New York municipal obligations exempt from federal income taxes and New York State and New York City personal income taxes.