BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Get Free Report) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 79,500 shares, a decrease of 19.2% from the December 31st total of 98,400 shares. Based on an average trading volume of 104,000 shares, the days-to-cover ratio is presently 0.8 days.
Institutional Trading of BlackRock MuniYield New York Quality Fund
Institutional investors and hedge funds have recently modified their holdings of the business. Atria Wealth Solutions Inc. bought a new stake in shares of BlackRock MuniYield New York Quality Fund in the fourth quarter worth $128,000. Allspring Global Investments Holdings LLC grew its position in BlackRock MuniYield New York Quality Fund by 43.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 462,824 shares of the investment management company's stock valued at $4,665,000 after purchasing an additional 140,674 shares during the period. Joseph P. Lucia & Associates LLC raised its holdings in shares of BlackRock MuniYield New York Quality Fund by 81.0% in the 4th quarter. Joseph P. Lucia & Associates LLC now owns 20,963 shares of the investment management company's stock worth $211,000 after acquiring an additional 9,380 shares during the last quarter. PFG Investments LLC bought a new stake in BlackRock MuniYield New York Quality Fund during the fourth quarter worth $112,000. Finally, Post Resch Tallon Group Inc. purchased a new stake in shares of BlackRock MuniYield New York Quality Fund in the fourth quarter valued at about $122,000. 29.32% of the stock is currently owned by institutional investors.
BlackRock MuniYield New York Quality Fund Price Performance
Shares of MYN traded up $0.08 during trading hours on Wednesday, hitting $10.29. The company had a trading volume of 132,738 shares, compared to its average volume of 106,008. BlackRock MuniYield New York Quality Fund has a 12 month low of $9.99 and a 12 month high of $10.87. The business has a fifty day moving average of $10.26 and a 200-day moving average of $10.43.
BlackRock MuniYield New York Quality Fund Increases Dividend
The business also recently announced a dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a dividend of $0.0512 per share. This is an increase from BlackRock MuniYield New York Quality Fund's previous dividend of $0.04. The ex-dividend date is Friday, February 14th.
BlackRock MuniYield New York Quality Fund Company Profile
(
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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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