Short Interest in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) Drops By 31.5%

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN - Get Free Report) saw a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 14,600 shares, a decline of 31.5% from the January 31st total of 21,300 shares. Based on an average daily volume of 80,400 shares, the short-interest ratio is presently 0.2 days.

BlackRock MuniHoldings New York Quality Fund Stock Performance

Shares of MHN traded down $0.01 during mid-day trading on Thursday, hitting $10.52. The company's stock had a trading volume of 28,936 shares, compared to its average volume of 57,195. The firm has a 50-day moving average price of $10.47 and a 200 day moving average price of $10.69. BlackRock MuniHoldings New York Quality Fund has a fifty-two week low of $10.18 and a fifty-two week high of $11.20.

BlackRock MuniHoldings New York Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.0515 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date of this dividend is Friday, March 14th.

Hedge Funds Weigh In On BlackRock MuniHoldings New York Quality Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in MHN. Envestnet Asset Management Inc. boosted its position in shares of BlackRock MuniHoldings New York Quality Fund by 32.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 15,679 shares of the financial services provider's stock worth $162,000 after buying an additional 3,810 shares during the period. LPL Financial LLC boosted its position in BlackRock MuniHoldings New York Quality Fund by 20.7% during the 4th quarter. LPL Financial LLC now owns 25,115 shares of the financial services provider's stock worth $260,000 after acquiring an additional 4,301 shares during the period. Whitebox Advisors LLC grew its stake in BlackRock MuniHoldings New York Quality Fund by 5.7% during the 3rd quarter. Whitebox Advisors LLC now owns 147,993 shares of the financial services provider's stock valued at $1,652,000 after acquiring an additional 8,020 shares in the last quarter. Dakota Wealth Management increased its holdings in shares of BlackRock MuniHoldings New York Quality Fund by 51.7% in the 4th quarter. Dakota Wealth Management now owns 25,622 shares of the financial services provider's stock valued at $265,000 after purchasing an additional 8,728 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in shares of BlackRock MuniHoldings New York Quality Fund in the third quarter worth approximately $122,000. 28.22% of the stock is currently owned by hedge funds and other institutional investors.

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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.