Short Interest in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) Grows By 232.5%

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 26,600 shares, a growth of 232.5% from the February 28th total of 8,000 shares. Based on an average trading volume of 80,100 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

BlackRock MuniHoldings New York Quality Fund Trading Up 0.4 %

NYSE MHN opened at $10.15 on Friday. BlackRock MuniHoldings New York Quality Fund has a 52 week low of $10.05 and a 52 week high of $11.20. The firm has a 50 day moving average of $10.42 and a two-hundred day moving average of $10.64.

BlackRock MuniHoldings New York Quality Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.0515 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 6.09%.

Hedge Funds Weigh In On BlackRock MuniHoldings New York Quality Fund

Large investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its position in shares of BlackRock MuniHoldings New York Quality Fund by 49.9% during the 4th quarter. Bank of America Corp DE now owns 442,732 shares of the financial services provider’s stock worth $4,578,000 after acquiring an additional 147,361 shares in the last quarter. Generation Capital Management LLC acquired a new position in BlackRock MuniHoldings New York Quality Fund in the fourth quarter valued at approximately $119,000. Guggenheim Capital LLC increased its stake in BlackRock MuniHoldings New York Quality Fund by 4.9% in the fourth quarter. Guggenheim Capital LLC now owns 619,360 shares of the financial services provider’s stock valued at $6,404,000 after purchasing an additional 28,694 shares during the last quarter. Broyhill Asset Management acquired a new stake in BlackRock MuniHoldings New York Quality Fund during the fourth quarter worth approximately $253,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of BlackRock MuniHoldings New York Quality Fund during the 4th quarter worth approximately $1,058,000. 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.