BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) Short Interest Up 97.0% in September

Key Points

• BlackRock MuniHoldings New York Quality Fund experienced a significant increase in short interest by 97.0% in September, with a total of 39,200 shares shorted as of the 15th.
• The fund has announced a monthly dividend of $0.0515 per share, set to be paid on November 3rd, representing an annualized yield of 6.0%.
• Institutional investors own 28.22% of the stock, with substantial increases from several large investment firms during the second quarter.

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN - ) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 39,200 shares, a growth of 97.0% from the August 31st total of 19,900 shares. Based on an average trading volume of 78,000 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 78,000 shares, the days-to-cover ratio is presently 0.5 days.

BlackRock MuniHoldings New York Quality Fund Price Performance

MHN stock traded up $0.04 during trading on Friday, reaching $10.36. 73,550 shares of the company were exchanged, compared to its average volume of 131,311. The company has a 50-day moving average of $9.84 and a two-hundred day moving average of $9.84. BlackRock MuniHoldings New York Quality Fund has a twelve month low of $9.39 and a twelve month high of $11.14.

BlackRock MuniHoldings New York Quality Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be issued a $0.0515 dividend. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Wednesday, October 15th.

Hedge Funds Weigh In On BlackRock MuniHoldings New York Quality Fund

Several large investors have recently bought and sold shares of MHN. Steward Partners Investment Advisory LLC boosted its stake in shares of BlackRock MuniHoldings New York Quality Fund by 117.8% during the second quarter. Steward Partners Investment Advisory LLC now owns 5,695 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 3,080 shares in the last quarter. Wellspring Financial Advisors LLC raised its holdings in BlackRock MuniHoldings New York Quality Fund by 15.7% in the 2nd quarter. Wellspring Financial Advisors LLC now owns 23,569 shares of the financial services provider's stock valued at $231,000 after buying an additional 3,200 shares during the last quarter. Bridgewater Advisors Inc. acquired a new stake in BlackRock MuniHoldings New York Quality Fund during the 2nd quarter worth approximately $299,000. Cetera Investment Advisers grew its holdings in BlackRock MuniHoldings New York Quality Fund by 19.2% during the 2nd quarter. Cetera Investment Advisers now owns 91,813 shares of the financial services provider's stock worth $902,000 after acquiring an additional 14,763 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in BlackRock MuniHoldings New York Quality Fund by 32.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 98,763 shares of the financial services provider's stock valued at $1,002,000 after acquiring an additional 24,300 shares during the period. 28.22% of the stock is currently owned by institutional investors.

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.

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