BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) Sees Large Increase in Short Interest

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN - Get Free Report) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 26,600 shares, an increase of 232.5% from the February 28th total of 8,000 shares. Currently, 0.1% of the company's shares are short sold. Based on an average trading volume of 80,100 shares, the days-to-cover ratio is currently 0.3 days.

BlackRock MuniHoldings New York Quality Fund Trading Up 0.0 %

NYSE MHN traded up $0.01 on Monday, hitting $10.15. 39,241 shares of the stock were exchanged, compared to its average volume of 69,649. The company's 50-day moving average price is $10.42 and its two-hundred day moving average price is $10.63. BlackRock MuniHoldings New York Quality Fund has a 52-week low of $10.05 and a 52-week high of $11.20.

BlackRock MuniHoldings New York Quality Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.0515 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 6.09%.

Institutional Investors Weigh In On BlackRock MuniHoldings New York Quality Fund

Several hedge funds have recently bought and sold shares of the business. Rivernorth Capital Management LLC grew its stake in BlackRock MuniHoldings New York Quality Fund by 38.7% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,070,573 shares of the financial services provider's stock valued at $11,948,000 after acquiring an additional 298,947 shares in the last quarter. Guggenheim Capital LLC increased its stake in BlackRock MuniHoldings New York Quality Fund by 4.9% in the 4th quarter. Guggenheim Capital LLC now owns 619,360 shares of the financial services provider's stock valued at $6,404,000 after buying an additional 28,694 shares during the period. Bank of America Corp DE increased its stake in shares of BlackRock MuniHoldings New York Quality Fund by 49.9% in the fourth quarter. Bank of America Corp DE now owns 442,732 shares of the financial services provider's stock worth $4,578,000 after acquiring an additional 147,361 shares during the last quarter. Whitebox Advisors LLC increased its position in BlackRock MuniHoldings New York Quality Fund by 5.7% in the 3rd quarter. Whitebox Advisors LLC now owns 147,993 shares of the financial services provider's stock worth $1,652,000 after purchasing an additional 8,020 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in BlackRock MuniHoldings New York Quality Fund during the fourth quarter valued at approximately $1,058,000. 28.22% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniHoldings New York Quality Fund Company Profile

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.