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

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Get Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 82,200 shares, a growth of 71.6% from the April 30th total of 47,900 shares. Based on an average daily volume of 96,600 shares, the short-interest ratio is currently 0.9 days. Approximately 0.2% of the company's stock are sold short.

Hedge Funds Weigh In On BlackRock MuniYield New York Quality Fund

Several large investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its stake in shares of BlackRock MuniYield New York Quality Fund by 268.6% in the first quarter. Royal Bank of Canada now owns 274,458 shares of the investment management company's stock worth $2,725,000 after buying an additional 200,000 shares in the last quarter. Landscape Capital Management L.L.C. boosted its stake in BlackRock MuniYield New York Quality Fund by 75.8% during the 1st quarter. Landscape Capital Management L.L.C. now owns 21,899 shares of the investment management company's stock valued at $217,000 after purchasing an additional 9,443 shares during the last quarter. Quantum Financial Planning Services Inc. purchased a new stake in BlackRock MuniYield New York Quality Fund during the 1st quarter valued at $120,000. Cetera Investment Advisers bought a new stake in shares of BlackRock MuniYield New York Quality Fund in the 1st quarter worth $780,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co raised its stake in shares of BlackRock MuniYield New York Quality Fund by 29.0% in the first quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 64,500 shares of the investment management company's stock worth $640,000 after purchasing an additional 14,500 shares during the last quarter. Hedge funds and other institutional investors own 29.32% of the company's stock.

BlackRock MuniYield New York Quality Fund Stock Performance

Shares of MYN traded down $0.03 during mid-day trading on Monday, reaching $9.51. The company had a trading volume of 89,106 shares, compared to its average volume of 93,221. The firm has a 50-day moving average price of $9.65 and a 200 day moving average price of $10.02. 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 Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be paid a $0.0512 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.46%.

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.