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

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 63,900 shares, a decrease of 36.1% from the August 15th total of 100,000 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 96,500 shares, the short-interest ratio is currently 0.7 days. Based on an average daily trading volume, of 96,500 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the shares of the company are short sold.

BlackRock MuniYield New York Quality Fund Price Performance

NYSE:MYN opened at $9.84 on Monday. BlackRock MuniYield New York Quality Fund has a 12-month low of $9.12 and a 12-month high of $10.87. The firm has a 50-day moving average price of $9.37 and a 200 day moving average price of $9.57.

BlackRock MuniYield New York Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a dividend of $0.0512 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a c) annualized dividend and a dividend yield of 6.2%.

Institutional Trading of BlackRock MuniYield New York Quality Fund

Hedge funds have recently modified their holdings of the company. Wolverine Asset Management LLC bought a new stake in shares of BlackRock MuniYield New York Quality Fund during the second quarter valued at approximately $27,000. Steward Partners Investment Advisory LLC grew its stake in shares of BlackRock MuniYield New York Quality Fund by 22.8% during the second quarter. Steward Partners Investment Advisory LLC now owns 7,000 shares of the investment management company’s stock valued at $67,000 after purchasing an additional 1,300 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of BlackRock MuniYield New York Quality Fund during the first quarter valued at approximately $106,000. Citadel Advisors LLC bought a new stake in shares of BlackRock MuniYield New York Quality Fund during the fourth quarter valued at approximately $106,000. Finally, Quantum Financial Planning Services Inc. bought a new stake in shares of BlackRock MuniYield New York Quality Fund during the first quarter valued at approximately $120,000. Institutional investors and hedge funds own 29.32% of the company’s stock.

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.