BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Stock Short Interest Report for October

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 207,300 shares, a decrease of 35.5% from the September 30th total of 321,173 shares. Based on an average daily trading volume, of 537,571 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. increased its holdings in shares of BlackRock MuniYield New York Quality Fund by 21.7% in the third quarter. Oppenheimer & Co. Inc. now owns 33,789 shares of the investment management company’s stock worth $296,000 after purchasing an additional 6,026 shares during the last quarter. Arnhold LLC lifted its holdings in BlackRock MuniYield New York Quality Fund by 87.8% during the third quarter. Arnhold LLC now owns 80,188 shares of the investment management company’s stock worth $702,000 after buying an additional 37,500 shares during the period. CoreCap Advisors LLC acquired a new stake in BlackRock MuniYield New York Quality Fund in the third quarter valued at approximately $26,000. Robinson Capital Management LLC boosted its stake in BlackRock MuniYield New York Quality Fund by 5.0% in the 2nd quarter. Robinson Capital Management LLC now owns 1,001,774 shares of the investment management company’s stock worth $10,168,000 after purchasing an additional 48,124 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in shares of BlackRock MuniYield New York Quality Fund by 26.2% in the 2nd quarter. Baird Financial Group Inc. now owns 76,029 shares of the investment management company’s stock valued at $772,000 after acquiring an additional 15,804 shares during the last quarter. Institutional investors own 29.32% of the company’s stock.

BlackRock MuniYield New York Quality Fund Price Performance

Shares of MYN opened at $9.14 on Monday. The business has a 50-day moving average of $9.12 and a 200 day moving average of $9.74. BlackRock MuniYield New York Quality Fund has a fifty-two week low of $8.58 and a fifty-two week high of $10.22.

BlackRock MuniYield New York Quality Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be given a dividend of $0.0512 per share. This represents a $0.61 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend is Friday, November 13th.

BlackRock MuniYield New York Quality Fund Company Profile

BlackRock MuniYield New York Quality Fund, Inc (NYSE: MYN) is a closed-end investment company that seeks to provide current income that is exempt from regular federal income taxes and New York State and New York City personal income taxes. The fund is designed for investors seeking tax-advantaged income through a professionally managed portfolio of municipal securities.

The fund invests primarily in long-term municipal obligations issued by or on behalf of municipalities and other public authorities in New York.