BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Sees Significant Growth in Short Interest

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

Insider Activity

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 purchased 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 in the company, valued at $497,603.75. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of BlackRock MuniYield New York Quality Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised 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 acquiring an additional 1,500 shares during the last quarter. Equitable Holdings Inc. raised 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 acquiring an additional 2,000 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co raised its stake in shares of 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 worth $545,000 after buying an additional 3,000 shares in the last quarter. United Financial Planning Group LLC purchased a new position in shares of BlackRock MuniYield New York Quality Fund during the 3rd quarter worth approximately $35,000. Finally, Elyxium Wealth LLC purchased a new position in shares of BlackRock MuniYield New York Quality Fund during the 4th quarter worth approximately $42,000. 29.32% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield New York Quality Fund Stock Up 0.1%

MYN opened at $9.80 on Monday. The business has a 50 day moving average price of $9.88 and a two-hundred day moving average price of $9.97. BlackRock MuniYield New York Quality Fund has a 52 week low of $9.12 and a 52 week high of $10.26.

BlackRock MuniYield New York Quality Fund Announces Dividend

The business also recently disclosed 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 of this dividend is Monday, June 15th. This represents a c) annualized dividend and a yield of 6.3%.

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.