BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Get Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 82,200 shares, an increase of 71.6% from the April 30th total of 47,900 shares. Based on an average daily trading volume, of 96,600 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.2% of the company's shares are sold short.
BlackRock MuniYield New York Quality Fund Price Performance
Shares of MYN stock traded down $0.02 on Wednesday, reaching $9.53. 32,069 shares of the company's stock were exchanged, compared to its average volume of 93,148. The company's fifty day simple moving average is $9.64 and its 200 day simple moving average is $10.01. BlackRock MuniYield New York Quality Fund has a 52 week low of $9.21 and a 52 week high of $10.87.
BlackRock MuniYield New York Quality Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a dividend of $0.0512 per share. The ex-dividend date is Friday, June 13th. This represents a $0.61 annualized dividend and a dividend yield of 6.45%.
Institutional Trading of BlackRock MuniYield New York Quality Fund
A number of large investors have recently made changes to their positions in MYN. Tallon Kerry Patrick purchased a new position in BlackRock MuniYield New York Quality Fund in the 4th quarter worth about $122,000. PFG Investments LLC purchased a new stake in BlackRock MuniYield New York Quality Fund in the 4th quarter valued at about $112,000. Allspring Global Investments Holdings LLC grew its stake in BlackRock MuniYield New York Quality Fund by 43.7% in the 4th 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 in the last quarter. Atria Wealth Solutions Inc. purchased a new position in shares of BlackRock MuniYield New York Quality Fund during the fourth quarter worth approximately $128,000. Finally, Raymond James Financial Inc. purchased a new position in shares of BlackRock MuniYield New York Quality Fund during the fourth quarter worth approximately $577,000. 29.32% of the stock is owned by hedge funds and other institutional investors.
BlackRock MuniYield New York Quality Fund Company Profile
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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.
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