Short Interest in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Increases By 115.0%

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 31,600 shares, an increase of 115.0% from the October 15th total of 14,700 shares. Based on an average trading volume of 92,800 shares, the days-to-cover ratio is presently 0.3 days.

BlackRock MuniYield New York Quality Fund Stock Performance

Shares of MYN stock traded down $0.07 during mid-day trading on Wednesday, hitting $10.28. 194,575 shares of the stock traded hands, compared to its average volume of 78,715. The stock’s fifty day moving average is $10.58 and its two-hundred day moving average is $10.48. BlackRock MuniYield New York Quality Fund has a 52-week low of $9.27 and a 52-week high of $10.87.

BlackRock MuniYield New York Quality Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.0512 per share. This represents a $0.61 annualized dividend and a dividend yield of 5.98%. This is a positive change from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Friday, November 15th.

Institutional Trading of BlackRock MuniYield New York Quality Fund

Several hedge funds have recently modified their holdings of the company. Landscape Capital Management L.L.C. lifted its position in shares of BlackRock MuniYield New York Quality Fund by 154.6% during the third quarter. Landscape Capital Management L.L.C. now owns 29,808 shares of the investment management company’s stock valued at $321,000 after buying an additional 18,098 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of BlackRock MuniYield New York Quality Fund during the third quarter valued at about $335,000. Joel Isaacson & Co. LLC lifted its position in shares of BlackRock MuniYield New York Quality Fund by 27.9% during the third quarter. Joel Isaacson & Co. LLC now owns 22,360 shares of the investment management company’s stock valued at $241,000 after buying an additional 4,877 shares during the last quarter. TIAA Trust National Association increased its holdings in shares of BlackRock MuniYield New York Quality Fund by 20.7% during the second quarter. TIAA Trust National Association now owns 12,821 shares of the investment management company’s stock valued at $134,000 after acquiring an additional 2,200 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of BlackRock MuniYield New York Quality Fund by 3.1% during the second quarter. Commonwealth Equity Services LLC now owns 103,876 shares of the investment management company’s stock valued at $1,088,000 after acquiring an additional 3,140 shares in the last quarter. 29.32% of the stock is owned by hedge funds and other institutional investors.

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.