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

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) saw a significant growth in short interest in July. As of July 15th, there was short interest totalling 26,200 shares, a growth of 22.4% from the June 30th total of 21,400 shares. Based on an average daily volume of 60,400 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MYN. Raymond James Financial Services Advisors Inc. boosted its position in shares of BlackRock MuniYield New York Quality Fund by 12.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 33,081 shares of the investment management company’s stock worth $342,000 after purchasing an additional 3,611 shares during the period. Mackay Shields LLC increased its stake in BlackRock MuniYield New York Quality Fund by 49.9% in the 4th quarter. Mackay Shields LLC now owns 814,624 shares of the investment management company’s stock worth $8,415,000 after buying an additional 271,029 shares in the last quarter. Arnhold LLC purchased a new stake in BlackRock MuniYield New York Quality Fund in the 4th quarter worth $383,000. Tortoise Investment Management LLC raised its holdings in BlackRock MuniYield New York Quality Fund by 74.3% during the fourth quarter. Tortoise Investment Management LLC now owns 97,373 shares of the investment management company’s stock valued at $1,001,000 after acquiring an additional 41,501 shares during the period. Finally, Robinson Capital Management LLC lifted its position in shares of BlackRock MuniYield New York Quality Fund by 169.8% in the fourth quarter. Robinson Capital Management LLC now owns 260,041 shares of the investment management company’s stock valued at $2,684,000 after acquiring an additional 163,669 shares in the last quarter. 29.32% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield New York Quality Fund Stock Performance

NYSE:MYN traded up $0.03 during mid-day trading on Friday, hitting $10.44. 61,943 shares of the company traded hands, compared to its average volume of 50,450. The stock’s fifty day moving average price is $10.42 and its 200-day moving average price is $10.35. BlackRock MuniYield New York Quality Fund has a one year low of $8.47 and a one year high of $10.62.

BlackRock MuniYield New York Quality Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be paid a dividend of $0.0442 per share. The ex-dividend date of this dividend is Monday, July 15th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 5.08%.

About BlackRock MuniYield New York Quality Fund

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.