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

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Get Free Report) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 161,100 shares, a decline of 21.0% from the February 29th total of 203,900 shares. Based on an average daily trading volume, of 85,500 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Trading of BlackRock MuniYield New York Quality Fund

A number of large investors have recently made changes to their positions in the stock. Nomura Holdings Inc. purchased a new stake in shares of BlackRock MuniYield New York Quality Fund during the fourth quarter valued at $172,000. Tortoise Investment Management LLC boosted its stake in shares of BlackRock MuniYield New York Quality Fund by 74.3% during the fourth quarter. Tortoise Investment Management LLC now owns 97,373 shares of the investment management company's stock valued at $1,006,000 after purchasing an additional 41,501 shares during the period. Karpus Management Inc. boosted its stake in shares of BlackRock MuniYield New York Quality Fund by 6.0% during the fourth quarter. Karpus Management Inc. now owns 1,032,621 shares of the investment management company's stock valued at $10,667,000 after purchasing an additional 58,786 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in shares of BlackRock MuniYield New York Quality Fund during the fourth quarter valued at $31,000. Finally, UBS Group AG boosted its stake in shares of BlackRock MuniYield New York Quality Fund by 4.9% during the fourth quarter. UBS Group AG now owns 298,030 shares of the investment management company's stock valued at $3,079,000 after purchasing an additional 14,004 shares during the period. 29.32% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield New York Quality Fund Price Performance

NYSE MYN remained flat at $10.52 on Friday. 39,029 shares of the company's stock traded hands, compared to its average volume of 58,582. The business has a 50-day moving average price of $10.38 and a two-hundred day moving average price of $9.82. BlackRock MuniYield New York Quality Fund has a 52 week low of $8.47 and a 52 week high of $10.62.

BlackRock MuniYield New York Quality Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be paid a dividend of $0.0442 per share. This represents a $0.53 annualized dividend and a yield of 5.04%. The ex-dividend date is Thursday, March 14th.

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.