BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Shares Shorted: Short Interest Down 78.7% in October

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) saw a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 44,069 shares, a decline of 78.7% from the October 15th total of 207,300 shares. Based on an average daily trading volume, of 608,145 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Joel Isaacson & Co. LLC boosted its position in BlackRock MuniYield New York Quality Fund by 16.3% during the third quarter. Joel Isaacson & Co. LLC now owns 79,275 shares of the investment management company’s stock worth $694,000 after purchasing an additional 11,120 shares during the period. StoneX Group Inc. acquired a new position in BlackRock MuniYield New York Quality Fund during the third quarter valued at approximately $109,000. W.G. Shaheen & Associates DBA Whitney & Co grew its holdings in BlackRock MuniYield New York Quality Fund by 22.2% during the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 92,085 shares of the investment management company’s stock valued at $807,000 after purchasing an additional 16,742 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in BlackRock MuniYield New York Quality Fund by 9.3% during the third quarter. Commonwealth Equity Services LLC now owns 242,984 shares of the investment management company’s stock valued at $2,129,000 after purchasing an additional 20,611 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of BlackRock MuniYield New York Quality Fund by 21.7% in the third quarter. Oppenheimer & Co. Inc. now owns 33,789 shares of the investment management company’s stock valued at $296,000 after purchasing an additional 6,026 shares during the period. 29.32% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield New York Quality Fund Stock Performance

Shares of MYN traded down $0.12 during trading hours on Thursday, hitting $9.12. 62,580 shares of the company were exchanged, compared to its average volume of 218,492. The firm’s 50 day moving average is $9.04 and its 200-day moving average is $9.71. BlackRock MuniYield New York Quality Fund has a 52 week low of $8.58 and a 52 week high of $10.22.

BlackRock MuniYield New York Quality Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be paid a $0.0512 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Friday, November 13th.

BlackRock MuniYield New York Quality Fund Company Profile

BlackRock MuniYield New York Quality Fund is a closed-end investment fund managed by BlackRock Advisors, LLC. It seeks to provide investors with a high level of current income exempt from federal income taxes and New York State and New York City personal income taxes, while also seeking to preserve capital. The fund invests primarily in municipal obligations issued by or on behalf of New York State and its municipalities and public agencies. Its portfolio may include bonds that finance public services and infrastructure, with the fund’s income and risk profile depending on the securities it holds.