BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Short Interest Update

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 55,530 shares, a growth of 78.9% from the April 15th total of 31,032 shares. Based on an average daily trading volume, of 138,052 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

Insider Buying and Selling

In other news, Director Robert W. Fairbairn bought 49,025 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The stock was acquired at an average cost of $10.15 per share, with a total value of $497,603.75. Following the transaction, the director directly owned 49,025 shares of the company’s stock, valued at approximately $497,603.75. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On BlackRock MuniYield New York Quality Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its stake in BlackRock MuniYield New York Quality Fund by 11.8% during the 4th quarter. NewEdge Advisors LLC now owns 14,200 shares of the investment management company’s stock valued at $141,000 after purchasing an additional 1,500 shares during the last quarter. Equitable Holdings Inc. boosted its stake in BlackRock MuniYield New York Quality Fund by 14.6% during the 3rd quarter. Equitable Holdings Inc. now owns 15,701 shares of the investment management company’s stock valued at $156,000 after purchasing an additional 2,000 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co boosted its stake in BlackRock MuniYield New York Quality Fund by 5.6% during the 1st quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 56,785 shares of the investment management company’s stock valued at $545,000 after purchasing an additional 3,000 shares during the last quarter. United Financial Planning Group LLC acquired a new position in BlackRock MuniYield New York Quality Fund during the 3rd quarter valued at about $35,000. Finally, Elyxium Wealth LLC acquired a new position in BlackRock MuniYield New York Quality Fund during the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 29.32% of the company’s stock.

BlackRock MuniYield New York Quality Fund Stock Down 0.4%

Shares of BlackRock MuniYield New York Quality Fund stock opened at $9.66 on Wednesday. BlackRock MuniYield New York Quality Fund has a one year low of $9.12 and a one year high of $10.26. The business has a 50-day simple moving average of $9.86 and a 200 day simple moving average of $9.97.

BlackRock MuniYield New York Quality Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be paid a dividend of $0.0512 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 6.4%.

About BlackRock MuniYield New York Quality Fund

BlackRock MuniYield New York Quality Fund (NYSE: MYN) is a diversified, closed-end management investment company that seeks to deliver current income exempt from federal and New York State income taxes. The fund primarily invests in a portfolio of municipal securities, with an emphasis on investment-grade obligations issued by entities located within New York State.

The fund’s investment strategy focuses on long-term, tax-exempt income by allocating assets to general obligation bonds, revenue bonds, and other municipal debt instruments rated in the upper tiers of the major credit rating agencies.