BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN – Get Free Report) 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
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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