BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Sees Significant Growth in Short Interest

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 123,313 shares, an increase of 311.7% from the August 15th total of 29,954 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 151,271 shares, the short-interest ratio is currently 0.8 days.

BlackRock MuniYield New York Quality Fund Stock Performance

Shares of MYN traded up $0.07 on Friday, reaching $9.25. The stock had a trading volume of 555,178 shares, compared to its average volume of 187,025. The firm has a 50-day moving average of $9.79 and a 200 day moving average of $9.89. BlackRock MuniYield New York Quality Fund has a twelve month low of $9.12 and a twelve month high of $10.26.

BlackRock MuniYield New York Quality Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be given a $0.0512 dividend. The ex-dividend date is Friday, December 11th. This represents a c) annualized dividend and a dividend yield of 6.6%.

Institutional Trading of BlackRock MuniYield New York Quality Fund

Several institutional investors and hedge funds have recently made changes to their positions in MYN. Elyxium Wealth LLC acquired a new position in BlackRock MuniYield New York Quality Fund in the 4th quarter valued at $42,000. Western Wealth Management LLC acquired a new position in shares of BlackRock MuniYield New York Quality Fund during the 1st quarter valued at $89,000. Readystate Asset Management LP acquired a new position in shares of BlackRock MuniYield New York Quality Fund during the fourth quarter worth about $122,000. Meeder Advisory Services Inc. purchased a new position in BlackRock MuniYield New York Quality Fund in the 1st quarter worth approximately $122,000. Finally, HRT Financial LP purchased a new position in shares of BlackRock MuniYield New York Quality Fund in the fourth quarter valued at $136,000. 29.32% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield New York Quality Fund Company Profile

BlackRock MuniYield New York Quality Fund, Inc (NYSE: MYN) is a non-diversified, closed-end management investment company. The fund seeks to provide current income that is exempt from regular federal income tax and New York State and New York City personal income taxes, while also seeking to preserve capital.

To pursue its objective, the fund invests primarily in municipal obligations issued by or on behalf of the State of New York, its municipalities, and other public authorities. Its portfolio may include bonds financing public infrastructure and essential services, such as transportation, education, utilities, health care, and housing.