BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) Sees Large Increase in Short Interest

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 26,600 shares, a growth of 232.5% from the February 28th total of 8,000 shares. Based on an average daily trading volume, of 80,100 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On BlackRock MuniHoldings New York Quality Fund

Institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC bought a new stake in BlackRock MuniHoldings New York Quality Fund in the 3rd quarter worth approximately $122,000. Generation Capital Management LLC purchased a new position in shares of BlackRock MuniHoldings New York Quality Fund during the fourth quarter worth approximately $119,000. Envestnet Asset Management Inc. lifted its holdings in shares of BlackRock MuniHoldings New York Quality Fund by 32.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 15,679 shares of the financial services provider’s stock worth $162,000 after acquiring an additional 3,810 shares during the last quarter. Stephens Inc. AR purchased a new stake in shares of BlackRock MuniHoldings New York Quality Fund in the 4th quarter valued at $166,000. Finally, Broyhill Asset Management bought a new position in shares of BlackRock MuniHoldings New York Quality Fund during the 4th quarter valued at $253,000. 28.22% of the stock is currently owned by institutional investors.

BlackRock MuniHoldings New York Quality Fund Stock Performance

Shares of BlackRock MuniHoldings New York Quality Fund stock traded down $0.07 on Thursday, hitting $10.16. 46,305 shares of the company traded hands, compared to its average volume of 59,000. BlackRock MuniHoldings New York Quality Fund has a 12-month low of $10.05 and a 12-month high of $11.20. The firm’s 50-day simple moving average is $10.43 and its 200 day simple moving average is $10.65.

BlackRock MuniHoldings New York Quality Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.0515 per share. This represents a $0.62 annualized dividend and a yield of 6.09%. The ex-dividend date is Friday, March 14th.

About BlackRock MuniHoldings New York Quality Fund

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.