BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Shares Shorted: Short Interest Up 295.0% in September

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 321,173 shares, an increase of 295.0% from the September 15th total of 81,303 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 361,863 shares, the short-interest ratio is currently 0.9 days.

BlackRock MuniYield New York Quality Fund Stock Performance

Shares of MYN traded up $0.14 during trading hours on Friday, hitting $8.79. The stock had a trading volume of 214,066 shares, compared to its average volume of 448,129. BlackRock MuniYield New York Quality Fund has a 12 month low of $8.58 and a 12 month high of $10.26. The stock has a fifty day moving average price of $9.37 and a 200 day moving average price of $9.73.

BlackRock MuniYield New York Quality Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be issued a $0.0512 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.61 dividend on an annualized basis and a yield of 7.0%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Rivernorth Capital Management LLC grew its stake in shares of BlackRock MuniYield New York Quality Fund by 411.5% during the 1st quarter. Rivernorth Capital Management LLC now owns 1,722,732 shares of the investment management company’s stock valued at $16,538,000 after purchasing an additional 1,385,904 shares during the period. Bank of America Corp DE increased its position in shares of BlackRock MuniYield New York Quality Fund by 132.7% during the 1st quarter. Bank of America Corp DE now owns 1,645,711 shares of the investment management company’s stock valued at $15,799,000 after purchasing an additional 938,369 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of BlackRock MuniYield New York Quality Fund by 81.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,238,577 shares of the investment management company’s stock worth $11,890,000 after purchasing an additional 557,751 shares during the period. Robinson Capital Management LLC lifted its stake in shares of BlackRock MuniYield New York Quality Fund by 5.0% in the 2nd quarter. Robinson Capital Management LLC now owns 1,001,774 shares of the investment management company’s stock worth $10,168,000 after purchasing an additional 48,124 shares during the period. Finally, Cetera Investment Advisers lifted its stake in shares of BlackRock MuniYield New York Quality Fund by 504.2% in the 1st quarter. Cetera Investment Advisers now owns 350,425 shares of the investment management company’s stock worth $3,364,000 after purchasing an additional 292,427 shares during the period. 29.32% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield New York Quality Fund Company Profile

BlackRock MuniYield New York Quality Fund, Inc is a closed-end management investment company listed on the New York Stock Exchange under the symbol MYN. The fund seeks to provide current income exempt from federal income tax and New York State and New York City personal income taxes by investing primarily in municipal obligations.

The fund invests in bonds and other fixed-income securities issued by or on behalf of New York State, New York City, and related municipalities, public authorities, and governmental entities.