Short Interest in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Increases By 115.6%

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Get Free Report) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 113,000 shares, an increase of 115.6% from the March 31st total of 52,400 shares. Based on an average daily volume of 106,500 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.3% of the company's stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Mackay Shields LLC lifted its position in BlackRock MuniYield New York Quality Fund by 22.3% during the first quarter. Mackay Shields LLC now owns 1,146,355 shares of the investment management company's stock valued at $11,383,000 after purchasing an additional 208,831 shares during the period. Guggenheim Capital LLC lifted its holdings in shares of BlackRock MuniYield New York Quality Fund by 8.1% during the 4th quarter. Guggenheim Capital LLC now owns 825,819 shares of the investment management company's stock valued at $8,324,000 after buying an additional 61,533 shares during the period. Bank of America Corp DE boosted its stake in shares of BlackRock MuniYield New York Quality Fund by 16.1% in the 4th quarter. Bank of America Corp DE now owns 562,629 shares of the investment management company's stock worth $5,671,000 after buying an additional 77,915 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of BlackRock MuniYield New York Quality Fund by 43.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 462,824 shares of the investment management company's stock worth $4,665,000 after acquiring an additional 140,674 shares during the period. Finally, Breakwater Capital Group grew its holdings in shares of BlackRock MuniYield New York Quality Fund by 16.8% in the first quarter. Breakwater Capital Group now owns 64,693 shares of the investment management company's stock worth $642,000 after acquiring an additional 9,316 shares during the period. Hedge funds and other institutional investors own 29.32% of the company's stock.

BlackRock MuniYield New York Quality Fund Stock Performance

BlackRock MuniYield New York Quality Fund stock traded up $0.01 during mid-day trading on Friday, reaching $9.71. The stock had a trading volume of 51,654 shares, compared to its average volume of 91,803. BlackRock MuniYield New York Quality Fund has a one year low of $9.21 and a one year high of $10.87. The company has a 50-day moving average price of $9.84 and a two-hundred day moving average price of $10.13.

BlackRock MuniYield New York Quality Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th were issued a dividend of $0.0512 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date was Tuesday, April 15th.

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.