Short Interest in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) Grows By 97.0%

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 39,200 shares, an increase of 97.0% from the August 31st total of 19,900 shares. Based on an average daily volume of 78,000 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 78,000 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. lifted its position in shares of BlackRock MuniHoldings New York Quality Fund by 44.7% in the second quarter. Raymond James Financial Inc. now owns 147,877 shares of the financial services provider’s stock valued at $1,452,000 after acquiring an additional 45,713 shares in the last quarter. Guggenheim Capital LLC boosted its position in BlackRock MuniHoldings New York Quality Fund by 5.4% during the second quarter. Guggenheim Capital LLC now owns 654,119 shares of the financial services provider’s stock worth $6,423,000 after acquiring an additional 33,328 shares during the last quarter. Bridgewater Advisors Inc. acquired a new position in BlackRock MuniHoldings New York Quality Fund in the 2nd quarter valued at $299,000. PNC Financial Services Group Inc. boosted its holdings in shares of BlackRock MuniHoldings New York Quality Fund by 32.6% during the first quarter. PNC Financial Services Group Inc. now owns 98,763 shares of the financial services provider’s stock worth $1,002,000 after purchasing an additional 24,300 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of BlackRock MuniHoldings New York Quality Fund by 4.6% in the second quarter. Bank of America Corp DE now owns 482,889 shares of the financial services provider’s stock valued at $4,742,000 after purchasing an additional 21,038 shares during the period. Institutional investors and hedge funds own 28.22% of the company’s stock.

BlackRock MuniHoldings New York Quality Fund Stock Up 0.5%

MHN opened at $10.39 on Tuesday. BlackRock MuniHoldings New York Quality Fund has a 52 week low of $9.39 and a 52 week high of $11.10. The business’s 50 day moving average is $9.86 and its two-hundred day moving average is $9.84.

BlackRock MuniHoldings New York Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Wednesday, October 15th will be paid a dividend of $0.0515 per share. The ex-dividend date is Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 5.9%.

BlackRock MuniHoldings New York Quality Fund Company Profile

BlackRock MuniHoldings 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 investment grade New York municipal obligations exempt from federal income taxes and New York State and New York City personal income taxes.