BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) Short Interest Update

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN - Get Free Report) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 51,400 shares, an increase of 298.4% from the December 15th total of 12,900 shares. Based on an average daily trading volume, of 71,600 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On BlackRock MuniHoldings New York Quality Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rivernorth Capital Management LLC grew its stake in BlackRock MuniHoldings New York Quality Fund by 38.7% in the third quarter. Rivernorth Capital Management LLC now owns 1,070,573 shares of the financial services provider's stock worth $11,948,000 after purchasing an additional 298,947 shares in the last quarter. Sanctuary Advisors LLC bought a new position in BlackRock MuniHoldings New York Quality Fund during the 3rd quarter worth approximately $122,000. Whitebox Advisors LLC grew its position in shares of 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 acquiring an additional 8,020 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in shares of BlackRock MuniHoldings New York Quality Fund by 4,029.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 37,582 shares of the financial services provider's stock valued at $419,000 after acquiring an additional 36,672 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of BlackRock MuniHoldings New York Quality Fund by 4.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 66,959 shares of the financial services provider's stock valued at $720,000 after acquiring an additional 2,660 shares in the last quarter. Institutional investors own 28.22% of the company's stock.

BlackRock MuniHoldings New York Quality Fund Stock Up 0.2 %

Shares of MHN stock traded up $0.02 during mid-day trading on Monday, reaching $10.40. 53,532 shares of the company were exchanged, compared to its average volume of 78,219. The business's 50 day simple moving average is $10.63 and its 200 day simple moving average is $10.77. 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 business also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.0515 per share. This represents a $0.62 annualized dividend and a yield of 5.94%. The ex-dividend date is Wednesday, January 15th.

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.

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