BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN – Get Rating) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 33,800 shares, an increase of 44.4% from the November 30th total of 23,400 shares. Based on an average daily volume of 142,500 shares, the short-interest ratio is currently 0.2 days.
Hedge Funds Weigh In On BlackRock MuniYield New York Quality Fund
Several institutional investors have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. bought a new position in shares of BlackRock MuniYield New York Quality Fund during the 3rd quarter valued at approximately $43,000. Carmichael Hill & Associates Inc. bought a new position in shares of BlackRock MuniYield New York Quality Fund during the 2nd quarter valued at approximately $110,000. TIAA FSB bought a new position in shares of BlackRock MuniYield New York Quality Fund during the 2nd quarter valued at approximately $113,000. Raymond James & Associates bought a new position in BlackRock MuniYield New York Quality Fund in the 3rd quarter worth approximately $106,000. Finally, Arnhold LLC bought a new position in BlackRock MuniYield New York Quality Fund in the 3rd quarter worth approximately $110,000. Institutional investors and hedge funds own 15.29% of the company’s stock.
BlackRock MuniYield New York Quality Fund Stock Down 0.5 %
MYN traded down $0.05 during trading on Friday, hitting $9.80. 194,250 shares of the stock traded hands, compared to its average volume of 148,565. BlackRock MuniYield New York Quality Fund has a twelve month low of $8.89 and a twelve month high of $14.31. The business has a 50 day moving average price of $9.65 and a 200 day moving average price of $10.06.
BlackRock MuniYield New York Quality Fund Announces Dividend
The company also recently announced a monthly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 16th were issued a $0.0355 dividend. The ex-dividend date of this dividend was Thursday, December 15th. This represents a $0.43 annualized dividend and a yield of 4.35%.
About BlackRock MuniYield New York Quality Fund
BlackRock MuniYield New York Quality Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in a portfolio of long-term investment grade municipal bonds exempt from federal income taxes and New York State and New York City personal income taxes.
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