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

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Get Free Report) saw a large decrease in short interest in January. As of January 31st, there was short interest totalling 20,600 shares, a decrease of 74.1% from the January 15th total of 79,500 shares. Based on an average daily trading volume, of 110,800 shares, the days-to-cover ratio is presently 0.2 days.

BlackRock MuniYield New York Quality Fund Stock Performance

Shares of MYN traded up $0.04 during mid-day trading on Friday, hitting $10.16. 63,055 shares of the company's stock were exchanged, compared to its average volume of 100,458. The firm has a fifty day moving average of $10.19 and a two-hundred day moving average of $10.42. BlackRock MuniYield New York Quality Fund has a twelve month low of $9.99 and a twelve month high of $10.87.

BlackRock MuniYield New York Quality Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a dividend of $0.0512 per share. This is a positive change from BlackRock MuniYield New York Quality Fund's previous monthly dividend of $0.04. The ex-dividend date is Friday, February 14th. This represents a $0.61 annualized dividend and a dividend yield of 6.05%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Arnhold LLC increased its stake in shares of BlackRock MuniYield New York Quality Fund by 8.9% during the 4th quarter. Arnhold LLC now owns 40,400 shares of the investment management company's stock worth $407,000 after purchasing an additional 3,300 shares during the last quarter. Two Sigma Securities LLC acquired a new position in BlackRock MuniYield New York Quality Fund in the 4th quarter valued at $161,000. Guggenheim Capital LLC grew its stake in BlackRock MuniYield New York Quality Fund by 8.1% in the 4th quarter. Guggenheim Capital LLC now owns 825,819 shares of the investment management company's stock valued at $8,324,000 after buying an additional 61,533 shares during the last quarter. Raymond James Financial Inc. acquired a new position in BlackRock MuniYield New York Quality Fund in the 4th quarter valued at $577,000. Finally, LPL Financial LLC grew its stake in BlackRock MuniYield New York Quality Fund by 26.1% in the 4th quarter. LPL Financial LLC now owns 53,448 shares of the investment management company's stock valued at $539,000 after buying an additional 11,071 shares during the last quarter. Institutional investors and hedge funds own 29.32% of the company's stock.

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.