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

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

Institutional Trading of BlackRock MuniYield New York Quality Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. Elyxium Wealth LLC purchased a new stake in shares of BlackRock MuniYield New York Quality Fund during the 4th quarter valued at approximately $42,000. Western Wealth Management LLC purchased a new position in BlackRock MuniYield New York Quality Fund in the 1st quarter valued at approximately $89,000. Fort Point Capital Partners LLC bought a new stake in BlackRock MuniYield New York Quality Fund during the 3rd quarter valued at $101,000. Readystate Asset Management LP bought a new stake in BlackRock MuniYield New York Quality Fund during the 4th quarter valued at $122,000. Finally, Meeder Advisory Services Inc. purchased a new stake in shares of BlackRock MuniYield New York Quality Fund during the first quarter worth $122,000. Institutional investors own 29.32% of the company’s stock.

BlackRock MuniYield New York Quality Fund Trading Down 0.6%

MYN traded down $0.07 during trading hours on Wednesday, hitting $10.10. The stock had a trading volume of 85,572 shares, compared to its average volume of 136,552. BlackRock MuniYield New York Quality Fund has a 1 year low of $9.12 and a 1 year high of $10.26. The company’s fifty day simple moving average is $10.01 and its 200 day simple moving average is $9.97.

BlackRock MuniYield New York Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.0512 per share. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date 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.