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

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 79,500 shares, a drop of 19.2% from the December 31st total of 98,400 shares. Based on an average daily volume of 104,000 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund

Institutional investors have recently bought and sold shares of the business. PFG Investments LLC purchased a new position in shares of BlackRock MuniYield New York Quality Fund during the fourth quarter valued at about $112,000. Tallon Kerry Patrick purchased a new position in shares of BlackRock MuniYield New York Quality Fund during the fourth quarter valued at about $122,000. Atria Wealth Solutions Inc. purchased a new position in shares of BlackRock MuniYield New York Quality Fund during the fourth quarter valued at about $128,000. Walleye Capital LLC purchased a new position in shares of BlackRock MuniYield New York Quality Fund during the third quarter valued at about $167,000. Finally, Joseph P. Lucia & Associates LLC grew its position in shares of BlackRock MuniYield New York Quality Fund by 81.0% during the fourth quarter. Joseph P. Lucia & Associates LLC now owns 20,963 shares of the investment management company’s stock valued at $211,000 after purchasing an additional 9,380 shares in the last quarter. Hedge funds and other institutional investors own 29.32% of the company’s stock.

BlackRock MuniYield New York Quality Fund Trading Up 0.5 %

MYN stock traded up $0.05 during trading on Friday, reaching $10.10. The company’s stock had a trading volume of 142,756 shares, compared to its average volume of 80,567. BlackRock MuniYield New York Quality Fund has a 1 year low of $9.99 and a 1 year high of $10.87. The company’s fifty day moving average is $10.27 and its 200-day moving average is $10.43.

BlackRock MuniYield New York Quality Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be paid a $0.0512 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date is Wednesday, January 15th. This is a positive change from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.04.

BlackRock MuniYield New York Quality Fund Company Profile

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.