BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Short Interest Update

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

Institutional Trading of BlackRock MuniYield New York Quality Fund

Several institutional investors and hedge funds have recently bought and sold shares of MYN. Royal Bank of Canada raised its holdings in shares of BlackRock MuniYield New York Quality Fund by 268.6% during the first quarter. Royal Bank of Canada now owns 274,458 shares of the investment management company’s stock worth $2,725,000 after purchasing an additional 200,000 shares during the last quarter. Bank of America Corp DE raised its stake in shares of BlackRock MuniYield New York Quality Fund by 4.3% during the 2nd quarter. Bank of America Corp DE now owns 595,864 shares of the investment management company’s stock valued at $5,679,000 after buying an additional 24,406 shares during the last quarter. Equitable Holdings Inc. lifted its holdings in shares of BlackRock MuniYield New York Quality Fund by 14.6% in the 3rd quarter. Equitable Holdings Inc. now owns 15,701 shares of the investment management company’s stock valued at $156,000 after buying an additional 2,000 shares during the period. Fort Point Capital Partners LLC acquired a new position in shares of BlackRock MuniYield New York Quality Fund in the 3rd quarter valued at about $101,000. Finally, Breakwater Capital Group boosted its stake in shares of BlackRock MuniYield New York Quality Fund by 20.3% in the fourth quarter. Breakwater Capital Group now owns 110,041 shares of the investment management company’s stock worth $1,091,000 after buying an additional 18,572 shares during the last quarter. 29.32% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield New York Quality Fund Stock Performance

MYN traded down $0.03 on Thursday, reaching $10.06. 96,059 shares of the stock were exchanged, compared to its average volume of 136,250. The company’s 50-day moving average price is $10.01 and its 200 day moving average price is $9.97. BlackRock MuniYield New York Quality Fund has a fifty-two week low of $9.12 and a fifty-two week high of $10.26.

BlackRock MuniYield New York Quality Fund Announces Dividend

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

BlackRock MuniYield New York Quality Fund Company Profile

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.