Short Interest in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) Decreases By 49.8%

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 12,900 shares, a decline of 49.8% from the November 30th total of 25,700 shares. Based on an average daily volume of 63,100 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of BlackRock MuniHoldings New York Quality Fund

Several institutional investors have recently modified their holdings of MHN. Rivernorth Capital Management LLC boosted its holdings in BlackRock MuniHoldings New York Quality Fund by 38.7% in the third quarter. Rivernorth Capital Management LLC now owns 1,070,573 shares of the financial services provider’s stock valued at $11,948,000 after acquiring an additional 298,947 shares during the last quarter. Whitebox Advisors LLC increased its stake in BlackRock MuniHoldings New York Quality Fund by 174.7% in the second quarter. Whitebox Advisors LLC now owns 139,973 shares of the financial services provider’s stock valued at $1,506,000 after purchasing an additional 89,010 shares in the last quarter. Wolverine Asset Management LLC raised its holdings in shares of BlackRock MuniHoldings New York Quality Fund by 4,029.9% during the third quarter. Wolverine Asset Management LLC now owns 37,582 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 36,672 shares during the period. Sanctuary Advisors LLC bought a new position in BlackRock MuniHoldings New York Quality Fund in the third quarter worth approximately $122,000. Finally, Blue Bell Private Wealth Management LLC grew its position 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 valued at $307,000 after purchasing an additional 9,963 shares during the period. Institutional investors own 28.22% of the company’s stock.

BlackRock MuniHoldings New York Quality Fund Price Performance

MHN stock traded down $0.02 during trading on Friday, reaching $10.30. 14,333 shares of the company were exchanged, compared to its average volume of 53,475. BlackRock MuniHoldings New York Quality Fund has a twelve month low of $10.18 and a twelve month high of $11.20. The company has a 50-day moving average of $10.70 and a two-hundred day moving average of $10.79.

BlackRock MuniHoldings New York Quality Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.0515 per share. The ex-dividend date is Monday, December 16th. This represents a $0.62 annualized dividend and a yield of 6.00%.

BlackRock MuniHoldings New York Quality Fund Company Profile

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.