BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) Short Interest Update

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 1,823 shares, a decline of 88.2% from the December 15th total of 15,447 shares. Based on an average daily trading volume, of 104,092 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 104,092 shares, the days-to-cover ratio is currently 0.0 days.

BlackRock MuniHoldings New York Quality Fund Trading Up 0.5%

Shares of MHN traded up $0.05 during mid-day trading on Tuesday, reaching $10.37. The company’s stock had a trading volume of 54,627 shares, compared to its average volume of 55,728. BlackRock MuniHoldings New York Quality Fund has a 12-month low of $9.39 and a 12-month high of $10.64. The company’s 50 day moving average is $10.29 and its 200 day moving average is $10.07.

BlackRock MuniHoldings New York Quality Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 6th will be issued a dividend of $0.0515 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a c) dividend on an annualized basis and a yield of 6.0%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings initiated coverage on shares of BlackRock MuniHoldings New York Quality Fund in a report on Monday, January 5th. They issued a “hold (c-)” rating on the stock. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, BlackRock MuniHoldings New York Quality Fund currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MHN. Allspring Global Investments Holdings LLC purchased a new position in shares of BlackRock MuniHoldings New York Quality Fund during the third quarter worth about $5,061,000. Bridgewater Advisors Inc. acquired a new stake in shares of BlackRock MuniHoldings New York Quality Fund in the 2nd quarter valued at about $299,000. PNC Financial Services Group Inc. acquired a new stake in shares of BlackRock MuniHoldings New York Quality Fund in the 3rd quarter valued at about $318,000. Breakwater Capital Group purchased a new position in BlackRock MuniHoldings New York Quality Fund during the 3rd quarter worth approximately $123,000. Finally, TrueMark Investments LLC acquired a new position in BlackRock MuniHoldings New York Quality Fund during the third quarter worth approximately $382,000. 28.22% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniHoldings New York Quality Fund Company Profile

BlackRock MuniHoldings New York Quality Fund (NYSE: MHN) is a closed-end management investment company that seeks to provide current income exempt from federal and New York state income taxes. The fund primarily invests in investment-grade municipal securities issued by the State of New York and its political subdivisions, offering investors targeted exposure to the public finance activities of one of the nation’s largest municipal bond markets.

The fund’s portfolio is concentrated in high-quality, tax-exempt obligations such as general obligation bonds and revenue bonds backed by state and local government revenues.