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

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 14,700 shares, a decrease of 68.7% from the September 30th total of 46,900 shares. Based on an average daily volume of 92,900 shares, the days-to-cover ratio is currently 0.2 days.

BlackRock MuniYield New York Quality Fund Trading Up 0.8 %

Shares of NYSE MYN traded up $0.08 during mid-day trading on Friday, reaching $10.39. 76,803 shares of the company were exchanged, compared to its average volume of 76,869. BlackRock MuniYield New York Quality Fund has a 1 year low of $8.47 and a 1 year high of $10.87. The firm has a 50-day moving average of $10.61 and a 200 day moving average of $10.46.

BlackRock MuniYield New York Quality Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a $0.0512 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This is a boost from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.04. This represents a $0.61 dividend on an annualized basis and a yield of 5.91%.

Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MYN. Robinson Capital Management LLC raised its stake in BlackRock MuniYield New York Quality Fund by 13.2% in the first quarter. Robinson Capital Management LLC now owns 294,463 shares of the investment management company’s stock valued at $2,959,000 after buying an additional 34,422 shares during the last quarter. Breakwater Capital Group raised its stake in BlackRock MuniYield New York Quality Fund by 46.0% in the second quarter. Breakwater Capital Group now owns 37,502 shares of the investment management company’s stock valued at $393,000 after buying an additional 11,809 shares during the last quarter. Joseph P. Lucia & Associates LLC acquired a new position in shares of BlackRock MuniYield New York Quality Fund in the second quarter valued at about $121,000. Joel Isaacson & Co. LLC increased its holdings in shares of BlackRock MuniYield New York Quality Fund by 27.9% in the third quarter. Joel Isaacson & Co. LLC now owns 22,360 shares of the investment management company’s stock valued at $241,000 after purchasing an additional 4,877 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of BlackRock MuniYield New York Quality Fund by 0.6% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 681,556 shares of the investment management company’s stock valued at $7,136,000 after purchasing an additional 4,020 shares during the period. 29.32% of the stock is currently owned by hedge funds and other 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.