Short Interest in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Drops By 51.9%

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 24,608 shares, a drop of 51.9% from the June 15th total of 51,155 shares. Based on an average trading volume of 120,142 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Elyxium Wealth LLC bought a new position in shares of BlackRock MuniYield New York Quality Fund during the 4th quarter worth about $42,000. Western Wealth Management LLC bought a new stake in BlackRock MuniYield New York Quality Fund in the first quarter valued at about $89,000. Fort Point Capital Partners LLC bought a new stake in BlackRock MuniYield New York Quality Fund in the third quarter valued at about $101,000. Readystate Asset Management LP acquired a new position in BlackRock MuniYield New York Quality Fund in the fourth quarter worth about $122,000. Finally, Meeder Advisory Services Inc. acquired a new position in BlackRock MuniYield New York Quality Fund in the first quarter worth about $122,000. Institutional investors own 29.32% of the company’s stock.

BlackRock MuniYield New York Quality Fund Stock Performance

MYN opened at $10.10 on Tuesday. BlackRock MuniYield New York Quality Fund has a 1 year low of $9.12 and a 1 year high of $10.26. The stock’s 50 day simple moving average is $10.01 and its 200-day simple moving average is $9.97.

BlackRock MuniYield New York Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a $0.0512 dividend. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Tuesday, September 15th.

BlackRock MuniYield New York Quality Fund Company Profile

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.