BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) Short Interest Down 68.2% in May

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN – Get Rating) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totalling 11,400 shares, a decline of 68.2% from the April 30th total of 35,900 shares. Based on an average daily trading volume, of 69,000 shares, the short-interest ratio is currently 0.2 days.

BlackRock MuniHoldings New York Quality Fund stock traded up $0.18 during mid-day trading on Friday, reaching $11.91. The stock had a trading volume of 51,318 shares, compared to its average volume of 64,980. The company has a 50-day moving average price of $11.86 and a two-hundred day moving average price of $13.13. BlackRock MuniHoldings New York Quality Fund has a one year low of $10.95 and a one year high of $15.16.

The company also recently declared a monthly dividend, which will be paid on Wednesday, June 1st. Investors of record on Monday, May 16th will be paid a $0.0545 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date of this dividend is Friday, May 13th.

A number of institutional investors have recently made changes to their positions in MHN. Wells Fargo & Company MN boosted its stake in BlackRock MuniHoldings New York Quality Fund by 22.3% in the 2nd quarter. Wells Fargo & Company MN now owns 155,345 shares of the financial services provider’s stock worth $2,291,000 after purchasing an additional 28,290 shares in the last quarter. Morgan Stanley raised its position in BlackRock MuniHoldings New York Quality Fund by 2.0% in the 2nd quarter. Morgan Stanley now owns 509,556 shares of the financial services provider’s stock worth $7,516,000 after buying an additional 9,790 shares during the last quarter. Guggenheim Capital LLC raised its position in BlackRock MuniHoldings New York Quality Fund by 8.4% in the 3rd quarter. Guggenheim Capital LLC now owns 388,050 shares of the financial services provider’s stock worth $5,642,000 after buying an additional 30,227 shares during the last quarter. Claybrook Capital LLC purchased a new position in BlackRock MuniHoldings New York Quality Fund in the 3rd quarter worth about $4,050,000. Finally, MML Investors Services LLC raised its position in BlackRock MuniHoldings New York Quality Fund by 40.0% in the 3rd quarter. MML Investors Services LLC now owns 15,774 shares of the financial services provider’s stock worth $229,000 after buying an additional 4,504 shares during the last quarter. Institutional investors own 14.78% of the company’s stock.

About BlackRock MuniHoldings New York Quality Fund (Get Rating)

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.

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