Short Interest in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Decreases By 41.6%

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 39,700 shares, a drop of 41.6% from the November 30th total of 68,000 shares. Based on an average trading volume of 102,500 shares, the days-to-cover ratio is currently 0.4 days.

BlackRock MuniYield New York Quality Fund Stock Performance

MYN opened at $10.12 on Friday. The stock’s 50 day simple moving average is $10.38 and its 200-day simple moving average is $10.49. BlackRock MuniYield New York Quality Fund has a 1 year low of $9.97 and a 1 year 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 Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.0512 dividend. This represents a $0.61 annualized dividend and a yield of 6.07%. The ex-dividend date is Monday, December 16th. This is a positive change from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.04.

Hedge Funds Weigh In On BlackRock MuniYield New York Quality Fund

A number of hedge funds have recently made changes to their positions in MYN. Commonwealth Equity Services LLC increased its stake in BlackRock MuniYield New York Quality Fund by 3.1% in the second quarter. Commonwealth Equity Services LLC now owns 103,876 shares of the investment management company’s stock valued at $1,088,000 after acquiring an additional 3,140 shares during the period. TIAA Trust National Association boosted its holdings in BlackRock MuniYield New York Quality Fund by 20.7% during the second quarter. TIAA Trust National Association now owns 12,821 shares of the investment management company’s stock valued at $134,000 after purchasing an additional 2,200 shares in the last quarter. Joel Isaacson & Co. LLC grew its stake in shares of BlackRock MuniYield New York Quality Fund by 27.9% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 22,360 shares of the investment management company’s stock valued at $241,000 after purchasing an additional 4,877 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of BlackRock MuniYield New York Quality Fund in the 3rd quarter worth approximately $335,000. Finally, Landscape Capital Management L.L.C. lifted its position in shares of BlackRock MuniYield New York Quality Fund by 154.6% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 29,808 shares of the investment management company’s stock worth $321,000 after buying an additional 18,098 shares during the period. Institutional investors and hedge funds own 29.32% of the company’s stock.

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.