Short Interest in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) Decreases By 57.1%

Key Points

• Short interest in BlackRock MuniHoldings New York Quality Fund significantly decreased by 57.1% in September, with totals dropping from 39,200 shares to 16,800 shares.
• The monthly dividend of $0.0515 per share will be paid on November 3rd, representing a 5.9% dividend yield for investors of record by October 15th.
• Institutional investors and hedge funds currently own 28.22% of BlackRock MuniHoldings New York Quality Fund, with several firms including Guggenheim Capital and Bank of America increasing their positions in the second quarter.

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN - ) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 16,800 shares, a decline of 57.1% from the September 15th total of 39,200 shares. Based on an average daily volume of 86,100 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 86,100 shares, the short-interest ratio is presently 0.2 days.

BlackRock MuniHoldings New York Quality Fund Price Performance

NYSE MHN opened at $10.41 on Friday. BlackRock MuniHoldings New York Quality Fund has a twelve month low of $9.39 and a twelve month high of $11.05. The stock has a 50-day simple moving average of $10.02 and a 200 day simple moving average of $9.86.

BlackRock MuniHoldings New York Quality Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be given a dividend of $0.0515 per share. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend is Wednesday, October 15th.

Hedge Funds Weigh In On BlackRock MuniHoldings New York Quality Fund

Several large investors have recently made changes to their positions in the business. Guggenheim Capital LLC lifted its position in shares of BlackRock MuniHoldings New York Quality Fund by 5.4% during the 2nd quarter. Guggenheim Capital LLC now owns 654,119 shares of the financial services provider's stock worth $6,423,000 after purchasing an additional 33,328 shares during the last quarter. Bank of America Corp DE lifted its position in shares of BlackRock MuniHoldings New York Quality Fund by 4.6% during the 2nd quarter. Bank of America Corp DE now owns 482,889 shares of the financial services provider's stock worth $4,742,000 after purchasing an additional 21,038 shares during the last quarter. Royal Bank of Canada lifted its position in shares of BlackRock MuniHoldings New York Quality Fund by 7.2% during the 1st quarter. Royal Bank of Canada now owns 247,041 shares of the financial services provider's stock worth $2,508,000 after purchasing an additional 16,600 shares during the last quarter. Raymond James Financial Inc. raised its holdings in BlackRock MuniHoldings New York Quality Fund by 44.7% in the 2nd quarter. Raymond James Financial Inc. now owns 147,877 shares of the financial services provider's stock valued at $1,452,000 after acquiring an additional 45,713 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in BlackRock MuniHoldings New York Quality Fund by 32.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 98,763 shares of the financial services provider's stock valued at $1,002,000 after acquiring an additional 24,300 shares in the last quarter. Institutional investors and hedge funds own 28.22% of the company's stock.

About BlackRock MuniHoldings New York Quality Fund

BlackRock MuniHoldings 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 investment grade New York municipal obligations exempt from federal income taxes and New York State and New York City personal income taxes.

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