Short Interest in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) Increases By 298.4%

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 51,400 shares, an increase of 298.4% from the December 31st total of 12,900 shares. Based on an average trading volume of 71,600 shares, the short-interest ratio is presently 0.7 days.

BlackRock MuniHoldings New York Quality Fund Stock Performance

NYSE MHN traded down $0.02 on Tuesday, hitting $10.39. 75,190 shares of the company’s stock traded hands, compared to its average volume of 62,329. BlackRock MuniHoldings New York Quality Fund has a 1-year low of $10.18 and a 1-year high of $11.20. The firm’s 50-day moving average price is $10.57 and its two-hundred day moving average price is $10.74.

BlackRock MuniHoldings New York Quality Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders 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 5.95%. The ex-dividend date is Wednesday, January 15th.

Institutional Trading of BlackRock MuniHoldings New York Quality Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Rivernorth Capital Management LLC increased its holdings in shares of BlackRock MuniHoldings New York Quality Fund by 38.7% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,070,573 shares of the financial services provider’s stock valued at $11,948,000 after purchasing an additional 298,947 shares in the last quarter. 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 valued at $419,000 after purchasing an additional 36,672 shares in the last quarter. Breakwater Capital Group purchased a new position in shares of BlackRock MuniHoldings New York Quality Fund during the 4th quarter valued at approximately $271,000. Focused Wealth Management Inc increased its holdings in shares of BlackRock MuniHoldings New York Quality Fund by 20.4% during the 4th quarter. Focused Wealth Management Inc now owns 97,261 shares of the financial services provider’s stock valued at $1,006,000 after purchasing an additional 16,482 shares in the last quarter. Finally, Stephens Inc. AR purchased a new position in shares of BlackRock MuniHoldings New York Quality Fund during the 4th quarter valued at approximately $166,000. 28.22% of the stock is currently owned by institutional investors and hedge funds.

About BlackRock MuniHoldings New York Quality Fund

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.