BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) Short Interest Down 48.0% in December

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 15,447 shares, a decline of 48.0% from the November 30th total of 29,718 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 89,005 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 89,005 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

BlackRock MuniHoldings New York Quality Fund Stock Performance

Shares of MHN traded down $0.02 during mid-day trading on Monday, hitting $10.22. 146,180 shares of the company’s stock were exchanged, compared to its average volume of 69,338. The firm has a fifty day moving average of $10.32 and a two-hundred day moving average of $10.02. BlackRock MuniHoldings New York Quality Fund has a twelve month low of $9.39 and a twelve month high of $10.65.

BlackRock MuniHoldings New York Quality Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be paid a dividend of $0.0515 per share. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Monday, December 22nd.

Hedge Funds Weigh In On BlackRock MuniHoldings New York Quality Fund

Institutional investors have recently modified their holdings of the company. United Financial Planning Group LLC acquired a new stake in shares of BlackRock MuniHoldings New York Quality Fund in the third quarter worth $30,000. Steward Partners Investment Advisory LLC lifted its position in BlackRock MuniHoldings New York Quality Fund by 117.8% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 5,695 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 3,080 shares during the last quarter. Arlington Financial Advisors LLC acquired a new position in BlackRock MuniHoldings New York Quality Fund during the 3rd quarter worth $108,000. Ameriprise Financial Inc. bought a new stake in BlackRock MuniHoldings New York Quality Fund during the third quarter valued at about $120,000. Finally, Breakwater Capital Group acquired a new stake in shares of BlackRock MuniHoldings New York Quality Fund in the third quarter valued at about $123,000. Institutional investors own 28.22% of the company’s stock.

BlackRock MuniHoldings New York Quality Fund Company Profile

BlackRock MuniHoldings New York Quality Fund (NYSE: MHN) is a closed-end management investment company that seeks to provide current income exempt from federal and New York state income taxes. The fund primarily invests in investment-grade municipal securities issued by the State of New York and its political subdivisions, offering investors targeted exposure to the public finance activities of one of the nation’s largest municipal bond markets.

The fund’s portfolio is concentrated in high-quality, tax-exempt obligations such as general obligation bonds and revenue bonds backed by state and local government revenues.