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

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 27,027 shares, an increase of 1,382.6% from the December 31st total of 1,823 shares. Based on an average daily trading volume, of 49,989 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 49,989 shares, the days-to-cover ratio is currently 0.5 days.

BlackRock MuniHoldings New York Quality Fund Trading Up 0.5%

NYSE MHN opened at $10.28 on Thursday. BlackRock MuniHoldings New York Quality Fund has a one year low of $9.39 and a one year high of $10.64. The stock has a 50-day moving average of $10.29 and a 200 day moving average of $10.11.

BlackRock MuniHoldings New York Quality Fund Dividend Announcement

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

Institutional Investors Weigh In On BlackRock MuniHoldings New York Quality Fund

Large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. raised its stake in BlackRock MuniHoldings New York Quality Fund by 1.8% during the 3rd quarter. Raymond James Financial Inc. now owns 150,522 shares of the financial services provider’s stock valued at $1,538,000 after buying an additional 2,645 shares during the last quarter. United Financial Planning Group LLC purchased a new stake in BlackRock MuniHoldings New York Quality Fund during the third quarter valued at $30,000. Steward Partners Investment Advisory LLC increased its position in BlackRock MuniHoldings New York Quality Fund by 117.8% during the second quarter. Steward Partners Investment Advisory LLC now owns 5,695 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 3,080 shares during the last quarter. Wellspring Financial Advisors LLC lifted its holdings in BlackRock MuniHoldings New York Quality Fund by 15.7% in the second quarter. Wellspring Financial Advisors LLC now owns 23,569 shares of the financial services provider’s stock valued at $231,000 after acquiring an additional 3,200 shares during the period. Finally, Bridgewater Advisors Inc. boosted its holdings in shares of BlackRock MuniHoldings New York Quality Fund by 11.9% in the third quarter. Bridgewater Advisors Inc. now owns 35,359 shares of the financial services provider’s stock worth $364,000 after buying an additional 3,747 shares during the last quarter. Institutional investors 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 report on Monday, January 5th. They issued a “hold (c-)” rating for the company. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, BlackRock MuniHoldings New York Quality Fund has an average 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.