BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Sees Large Decline in Short Interest

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Get Free Report) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totalling 101,200 shares, a drop of 27.5% from the April 15th total of 139,500 shares. Based on an average daily volume of 78,000 shares, the short-interest ratio is presently 1.3 days.

BlackRock MuniYield New York Quality Fund Trading Down 0.2 %

Shares of NYSE MYN traded down $0.02 during mid-day trading on Friday, hitting $10.37. 49,932 shares of the stock traded hands, compared to its average volume of 72,081. BlackRock MuniYield New York Quality Fund has a twelve month low of $8.47 and a twelve month high of $10.62. The firm has a 50 day simple moving average of $10.34 and a two-hundred day simple moving average of $10.10.

BlackRock MuniYield New York Quality Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.0442 per share. This represents a $0.53 annualized dividend and a yield of 5.11%. The ex-dividend date is Tuesday, May 14th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC lifted its holdings in BlackRock MuniYield New York Quality Fund by 1.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 100,736 shares of the investment management company's stock worth $1,060,000 after buying an additional 1,101 shares during the period. Blue Bell Private Wealth Management LLC lifted its holdings in BlackRock MuniYield New York Quality Fund by 796.3% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 8,963 shares of the investment management company's stock worth $94,000 after buying an additional 7,963 shares during the period. Breakwater Capital Group lifted its holdings in BlackRock MuniYield New York Quality Fund by 68.2% during the 1st quarter. Breakwater Capital Group now owns 25,693 shares of the investment management company's stock worth $270,000 after buying an additional 10,417 shares during the period. Nomura Holdings Inc. bought a new position in shares of BlackRock MuniYield New York Quality Fund in the 4th quarter worth about $172,000. Finally, Tortoise Investment Management LLC raised its position in shares of BlackRock MuniYield New York Quality Fund by 74.3% in the 4th quarter. Tortoise Investment Management LLC now owns 97,373 shares of the investment management company's stock worth $1,006,000 after acquiring an additional 41,501 shares in the last quarter. 29.32% of the stock is owned by institutional investors and hedge funds.

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.

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