BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN - Get Free Report) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 51,400 shares, a growth of 298.4% from the December 31st 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 Trading of BlackRock MuniHoldings New York Quality Fund
A number of hedge funds have recently bought and sold shares of MHN. Wolverine Asset Management LLC increased its holdings in shares of BlackRock MuniHoldings New York Quality Fund by 4,029.9% during the 3rd quarter. Wolverine Asset Management LLC now owns 37,582 shares of the financial services provider's stock worth $419,000 after purchasing an additional 36,672 shares during the period. Rivernorth Capital Management LLC increased its stake in BlackRock MuniHoldings New York Quality Fund by 38.7% during the third 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 during the period. Whitebox Advisors LLC raised its holdings 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 valued at $1,652,000 after acquiring an additional 8,020 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of BlackRock MuniHoldings New York Quality Fund in the 3rd quarter worth approximately $122,000. Finally, Breakwater Capital Group acquired a new stake in shares of BlackRock MuniHoldings New York Quality Fund during the 4th quarter worth approximately $271,000. 28.22% of the stock is owned by institutional investors.
BlackRock MuniHoldings New York Quality Fund Stock Performance
NYSE MHN traded down $0.03 during trading on Friday, hitting $10.41. The company's stock had a trading volume of 77,383 shares, compared to its average volume of 67,001. BlackRock MuniHoldings New York Quality Fund has a 52 week low of $10.18 and a 52 week high of $11.20. The firm has a 50 day moving average price of $10.55 and a 200 day moving average price of $10.73.
BlackRock MuniHoldings New York Quality Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a dividend of $0.0515 per share. This represents a $0.62 annualized dividend and a yield of 5.93%. The ex-dividend date of this dividend is Wednesday, January 15th.
About BlackRock MuniHoldings New York Quality Fund
(
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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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