BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Short Interest Up 235.8% in March

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 53,400 shares, a growth of 235.8% from the February 28th total of 15,900 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 111,800 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On BlackRock MuniYield New York Quality Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC bought a new position in BlackRock MuniYield New York Quality Fund during the 4th quarter worth about $106,000. PFG Investments LLC bought a new position in shares of BlackRock MuniYield New York Quality Fund during the fourth quarter valued at approximately $112,000. Tallon Kerry Patrick purchased a new position in BlackRock MuniYield New York Quality Fund during the fourth quarter valued at approximately $122,000. Atria Wealth Solutions Inc. bought a new position in BlackRock MuniYield New York Quality Fund in the fourth quarter worth approximately $128,000. Finally, Two Sigma Securities LLC purchased a new stake in BlackRock MuniYield New York Quality Fund during the fourth quarter worth $161,000. Institutional investors own 29.32% of the company’s stock.

BlackRock MuniYield New York Quality Fund Price Performance

MYN stock traded up $0.07 during mid-day trading on Friday, reaching $9.92. The company had a trading volume of 40,224 shares, compared to its average volume of 88,345. The firm has a 50 day moving average of $10.12 and a 200 day moving average of $10.33. BlackRock MuniYield New York Quality Fund has a 12 month low of $9.80 and a 12 month high of $10.87.

BlackRock MuniYield New York Quality Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.0512 dividend. This represents a $0.61 annualized dividend and a dividend yield of 6.19%. This is a boost from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Friday, March 14th.

BlackRock MuniYield New York Quality Fund Company Profile

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.