BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) Short Interest Update

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 26,600 shares, an increase of 232.5% from the February 28th total of 8,000 shares. Based on an average trading volume of 80,100 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On BlackRock MuniHoldings New York Quality Fund

Large investors have recently made changes to their positions in the stock. Rivernorth Capital Management LLC increased its stake in 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 worth $11,948,000 after buying an additional 298,947 shares during the period. Bank of America Corp DE grew its stake in shares of BlackRock MuniHoldings New York Quality Fund by 49.9% in the fourth quarter. Bank of America Corp DE now owns 442,732 shares of the financial services provider’s stock worth $4,578,000 after acquiring an additional 147,361 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of BlackRock MuniHoldings New York Quality Fund during the fourth quarter worth $1,058,000. Guggenheim Capital LLC raised its stake in shares of BlackRock MuniHoldings New York Quality Fund by 4.9% in the fourth quarter. Guggenheim Capital LLC now owns 619,360 shares of the financial services provider’s stock valued at $6,404,000 after acquiring an additional 28,694 shares in the last quarter. Finally, Breakwater Capital Group purchased a new position in BlackRock MuniHoldings New York Quality Fund in the fourth quarter valued at $271,000. 28.22% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniHoldings New York Quality Fund Stock Up 0.4 %

Shares of BlackRock MuniHoldings New York Quality Fund stock opened at $10.15 on Friday. BlackRock MuniHoldings New York Quality Fund has a 52 week low of $10.05 and a 52 week high of $11.20. The business’s fifty day simple moving average is $10.42 and its 200-day simple moving average is $10.64.

BlackRock MuniHoldings New York Quality Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.0515 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date is Friday, March 14th.

BlackRock MuniHoldings New York Quality Fund Company Profile

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.