BlackRock MuniYield New York Quality Fund (MYN) Short Interest Ratio & Short Volume

Short interest is the volume of BlackRock MuniYield New York Quality Fund shares that have been sold short but have not yet been closed out or covered. As of March 31st, investors have sold 98,400 shares of MYN short. Learn More on BlackRock MuniYield New York Quality Fund's current short interest.

BlackRock MuniYield New York Quality Fund saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 98,400 shares, a drop of 38.9% from the previous total of 161,100 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the industry of "investment offices, not elsewhere classified" compare to BlackRock MuniYield New York Quality Fund: Horizon Technology Finance Co. (1.70%), BlackRock MuniAssets Fund, Inc. (0.09%), Nuveen Pennsylvania Quality Municipal Income Fund (0.01%), DWS Municipal Income Trust (0.06%), VanEck Biotech ETF (0.29%), BlackRock MuniVest Fund, Inc. (0.01%), Royce Micro-Cap Trust, Inc. (0.00%), Tortoise Energy Infrastructure Co. (0.14%), Abrdn Life Sciences Investors (0.08%), Barings Corporate Investors (0.00%),

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.49 billion), T-Mobile US, Inc. ($3.94 billion), General Motors ($3.34 billion), Charter Communications, Inc. ($3.32 billion), Occidental Petroleum Co. ($3.21 billion), Super Micro Computer, Inc. ($3.13 billion), Coinbase Global, Inc. ($3.08 billion), Moderna, Inc. ($2.28 billion), Tractor Supply ($2.24 billion), and Royal Caribbean Cruises Ltd. ($2.14 billion). View all of the most shorted stocks.

Short selling MYN is an investing strategy that aims to generate trading profit from BlackRock MuniYield New York Quality Fund as its price is falling. MYN shares are trading up $0.03 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for BlackRock MuniYield New York Quality Fund occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of MYN, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including MYN, twice per month. The most recent reporting period available is March, 31 2024.