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 significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 48,200 shares, a drop of 41.4% from the May 15th total of 82,200 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 92,300 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund

Institutional investors have recently modified their holdings of the stock. Royal Bank of Canada increased its position in shares of BlackRock MuniYield New York Quality Fund by 268.6% during the 1st quarter. Royal Bank of Canada now owns 274,458 shares of the investment management company’s stock valued at $2,725,000 after purchasing an additional 200,000 shares during the last quarter. Landscape Capital Management L.L.C. raised its stake in shares of BlackRock MuniYield New York Quality Fund by 75.8% in the first quarter. Landscape Capital Management L.L.C. now owns 21,899 shares of the investment management company’s stock valued at $217,000 after acquiring an additional 9,443 shares during the period. Quantum Financial Planning Services Inc. bought a new stake in shares of BlackRock MuniYield New York Quality Fund in the 1st quarter worth about $120,000. Cetera Investment Advisers purchased a new position in shares of BlackRock MuniYield New York Quality Fund during the 1st quarter worth about $780,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co boosted its stake in shares of BlackRock MuniYield New York Quality Fund by 29.0% during the 1st quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 64,500 shares of the investment management company’s stock worth $640,000 after purchasing an additional 14,500 shares during the period. 29.32% of the stock is owned by institutional investors.

BlackRock MuniYield New York Quality Fund Stock Performance

Shares of NYSE:MYN traded up $0.03 on Monday, reaching $9.42. The company’s stock had a trading volume of 72,251 shares, compared to its average volume of 94,848. The company has a 50-day simple moving average of $9.57 and a 200 day simple moving average of $9.96. BlackRock MuniYield New York Quality Fund has a 52-week low of $9.21 and a 52-week high of $10.87.

BlackRock MuniYield New York Quality Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a dividend of $0.0512 per share. The ex-dividend date is Friday, June 13th. This represents a $0.61 annualized dividend and a yield of 6.53%.

About BlackRock MuniYield New York Quality Fund

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.