BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Short Interest Down 41.4% in May

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Get Free Report) saw a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 48,200 shares, a drop of 41.4% from the May 15th total of 82,200 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 92,300 shares, the days-to-cover ratio is presently 0.5 days.

BlackRock MuniYield New York Quality Fund Price Performance

Shares of NYSE:MYN traded up $0.04 during trading hours on Thursday, hitting $9.47. The stock had a trading volume of 94,439 shares, compared to its average volume of 94,152. The stock's fifty day simple moving average is $9.57 and its 200 day simple moving average is $9.93. BlackRock MuniYield New York Quality Fund has a 1-year low of $9.21 and a 1-year high of $10.87.

BlackRock MuniYield New York Quality Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a $0.0512 dividend. This represents a $0.61 annualized dividend and a dividend yield of 6.49%. The ex-dividend date of this dividend is Friday, June 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in shares of BlackRock MuniYield New York Quality Fund in the fourth quarter valued at approximately $577,000. Bank of America Corp DE boosted its holdings in shares of BlackRock MuniYield New York Quality Fund by 16.1% in the fourth quarter. Bank of America Corp DE now owns 562,629 shares of the investment management company's stock valued at $5,671,000 after acquiring an additional 77,915 shares in the last quarter. Guggenheim Capital LLC boosted its holdings in shares of BlackRock MuniYield New York Quality Fund by 8.1% in the fourth quarter. Guggenheim Capital LLC now owns 825,819 shares of the investment management company's stock valued at $8,324,000 after acquiring an additional 61,533 shares in the last quarter. Allspring Global Investments Holdings LLC boosted 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 valued at $4,665,000 after acquiring an additional 140,674 shares in the last quarter. Finally, Atria Wealth Solutions Inc. bought a new position in shares of BlackRock MuniYield New York Quality Fund in the fourth quarter valued at approximately $128,000. 29.32% of the stock is currently owned by institutional investors.

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.