BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) Sees Large Growth in Short Interest

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 27,027 shares, a growth of 1,382.6% from the December 31st total of 1,823 shares. Based on an average trading volume of 49,989 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 49,989 shares, the short-interest ratio is presently 0.5 days.

BlackRock MuniHoldings New York Quality Fund Price Performance

Shares of MHN traded up $0.03 during mid-day trading on Tuesday, hitting $10.22. 61,243 shares of the company traded hands, compared to its average volume of 48,005. The business has a 50-day moving average of $10.29 and a 200 day moving average of $10.10. BlackRock MuniHoldings New York Quality Fund has a one year low of $9.39 and a one year high of $10.64.

BlackRock MuniHoldings New York Quality Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 6th will be paid a $0.0515 dividend. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Friday, February 6th.

Hedge Funds Weigh In On BlackRock MuniHoldings New York Quality Fund

Several large investors have recently made changes to their positions in MHN. Royal Bank of Canada increased its position in BlackRock MuniHoldings New York Quality Fund by 7.2% in the first quarter. Royal Bank of Canada now owns 247,041 shares of the financial services provider’s stock worth $2,508,000 after purchasing an additional 16,600 shares during the period. Bridgewater Advisors Inc. bought a new position in shares of BlackRock MuniHoldings New York Quality Fund in the 2nd quarter valued at about $299,000. Cetera Investment Advisers boosted its stake in shares of BlackRock MuniHoldings New York Quality Fund by 19.2% in the 2nd quarter. Cetera Investment Advisers now owns 91,813 shares of the financial services provider’s stock valued at $902,000 after purchasing an additional 14,763 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of BlackRock MuniHoldings New York Quality Fund by 117.8% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 5,695 shares of the financial services provider’s stock worth $56,000 after buying an additional 3,080 shares during the period. Finally, Wellspring Financial Advisors LLC raised its stake in shares of BlackRock MuniHoldings New York Quality Fund by 15.7% during the second quarter. Wellspring Financial Advisors LLC now owns 23,569 shares of the financial services provider’s stock worth $231,000 after buying an additional 3,200 shares during the last quarter. Institutional investors and hedge funds own 28.22% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings started coverage on shares of BlackRock MuniHoldings New York Quality Fund in a research note on Monday, January 5th. They issued a “hold (c-)” rating on the stock. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, BlackRock MuniHoldings New York Quality Fund currently has a consensus rating of “Hold”.

BlackRock MuniHoldings New York Quality Fund Company Profile

BlackRock MuniHoldings New York Quality Fund (NYSE: MHN) is a closed-end management investment company that seeks to provide current income exempt from federal and New York state income taxes. The fund primarily invests in investment-grade municipal securities issued by the State of New York and its political subdivisions, offering investors targeted exposure to the public finance activities of one of the nation’s largest municipal bond markets.

The fund’s portfolio is concentrated in high-quality, tax-exempt obligations such as general obligation bonds and revenue bonds backed by state and local government revenues.