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

Key Points

• BlackRock MuniYield New York Quality Fund (NYSE:MYN) experienced a significant decline in short interest, dropping 36.1% to 63,900 shares as of August 31.
• The fund recently announced a monthly dividend of $0.0512, payable on October 1, representing an annualized yield of 6.2%.
• 29.32% of the fund's stock is currently owned by institutional investors, with Bank of America Corp DE increasing its holdings by 16.1% in the last quarter.

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 63,900 shares, a drop of 36.1% from the August 15th total of 100,000 shares. Based on an average daily volume of 96,500 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 96,500 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund

Several hedge funds and other institutional investors have recently made changes to their positions in MYN. Steward Partners Investment Advisory LLC raised its position in shares of BlackRock MuniYield New York Quality Fund by 22.8% during the second quarter. Steward Partners Investment Advisory LLC now owns 7,000 shares of the investment management company's stock worth $67,000 after acquiring an additional 1,300 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in shares of BlackRock MuniYield New York Quality Fund during the second quarter worth $27,000. Breakwater Capital Group raised its position in shares of BlackRock MuniYield New York Quality Fund by 7.1% during the second quarter. Breakwater Capital Group now owns 69,272 shares of the investment management company's stock worth $660,000 after acquiring an additional 4,579 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co raised its position in shares of BlackRock MuniYield New York Quality Fund by 9.7% during the second quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 70,785 shares of the investment management company's stock worth $675,000 after acquiring an additional 6,285 shares during the last quarter. Finally, Landscape Capital Management L.L.C. raised its position in shares of BlackRock MuniYield New York Quality Fund by 75.8% during the first quarter. Landscape Capital Management L.L.C. now owns 21,899 shares of the investment management company's stock worth $217,000 after acquiring an additional 9,443 shares during the last quarter. 29.32% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield New York Quality Fund Trading Down 0.4%

MYN stock traded down $0.04 during trading on Friday, hitting $9.86. 515,213 shares of the stock traded hands, compared to its average volume of 99,689. BlackRock MuniYield New York Quality Fund has a one year low of $9.12 and a one year high of $10.87. The company has a 50 day simple moving average of $9.40 and a 200 day simple moving average of $9.57.

BlackRock MuniYield New York Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued a dividend of $0.0512 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a c) annualized dividend and a yield of 6.2%.

About BlackRock MuniYield New York Quality Fund

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.