Short Interest in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Drops By 51.9%

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 24,608 shares, a decrease of 51.9% from the June 15th total of 51,155 shares. Based on an average daily trading volume, of 120,142 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund

Several institutional investors and hedge funds have recently made changes to their positions in MYN. Rivernorth Capital Management LLC boosted its stake in shares of BlackRock MuniYield New York Quality Fund by 411.5% in the 1st quarter. Rivernorth Capital Management LLC now owns 1,722,732 shares of the investment management company’s stock valued at $16,538,000 after purchasing an additional 1,385,904 shares in the last quarter. Bank of America Corp DE increased its position in shares of BlackRock MuniYield New York Quality Fund by 132.7% during the 1st quarter. Bank of America Corp DE now owns 1,645,711 shares of the investment management company’s stock worth $15,799,000 after purchasing an additional 938,369 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in BlackRock MuniYield New York Quality Fund by 81.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,238,577 shares of the investment management company’s stock valued at $11,890,000 after purchasing an additional 557,751 shares during the last quarter. Cetera Investment Advisers lifted its holdings in BlackRock MuniYield New York Quality Fund by 504.2% during the 1st quarter. Cetera Investment Advisers now owns 350,425 shares of the investment management company’s stock valued at $3,364,000 after purchasing an additional 292,427 shares during the last quarter. Finally, Fiera Capital Corp acquired a new position in BlackRock MuniYield New York Quality Fund in the fourth quarter valued at about $2,856,000. Institutional investors and hedge funds own 29.32% of the company’s stock.

BlackRock MuniYield New York Quality Fund Stock Performance

BlackRock MuniYield New York Quality Fund stock opened at $10.10 on Tuesday. The business has a 50 day simple moving average of $10.01 and a 200 day simple moving average of $9.97. BlackRock MuniYield New York Quality Fund has a one year low of $9.12 and a one year high of $10.26.

BlackRock MuniYield New York Quality Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.0512 per share. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date is Tuesday, September 15th.

About BlackRock MuniYield New York Quality Fund

BlackRock MuniYield New York Quality Fund (NYSE: MYN) is a diversified, closed-end management investment company that seeks to deliver current income exempt from federal and New York State income taxes. The fund primarily invests in a portfolio of municipal securities, with an emphasis on investment-grade obligations issued by entities located within New York State.

The fund’s investment strategy focuses on long-term, tax-exempt income by allocating assets to general obligation bonds, revenue bonds, and other municipal debt instruments rated in the upper tiers of the major credit rating agencies.