BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Short Interest Down 19.2% in January

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totalling 79,500 shares, a decline of 19.2% from the December 31st total of 98,400 shares. Based on an average daily trading volume, of 104,000 shares, the short-interest ratio is currently 0.8 days.

BlackRock MuniYield New York Quality Fund Price Performance

Shares of MYN traded up $0.05 during trading hours on Friday, hitting $10.10. The company had a trading volume of 142,756 shares, compared to its average volume of 80,567. The firm has a fifty day moving average price of $10.27 and a 200-day moving average price of $10.43. BlackRock MuniYield New York Quality Fund has a 52-week low of $9.99 and a 52-week high of $10.87.

BlackRock MuniYield New York Quality Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be given a $0.0512 dividend. This represents a $0.61 annualized dividend and a dividend yield of 6.08%. The ex-dividend date of this dividend is Wednesday, January 15th. This is a positive change from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.04.

Hedge Funds Weigh In On BlackRock MuniYield New York Quality Fund

Several large investors have recently modified their holdings of MYN. PFG Investments LLC purchased a new position in shares of BlackRock MuniYield New York Quality Fund in the 4th quarter worth about $112,000. Tallon Kerry Patrick purchased a new position in BlackRock MuniYield New York Quality Fund in the 4th quarter worth about $122,000. Atria Wealth Solutions Inc. purchased a new position in BlackRock MuniYield New York Quality Fund in the 4th quarter worth about $128,000. Walleye Capital LLC purchased a new position in BlackRock MuniYield New York Quality Fund in the 3rd quarter worth about $167,000. Finally, Joseph P. Lucia & Associates LLC raised its position in BlackRock MuniYield New York Quality Fund by 81.0% in the 4th quarter. Joseph P. Lucia & Associates LLC now owns 20,963 shares of the investment management company’s stock worth $211,000 after buying an additional 9,380 shares during the last quarter. Hedge funds and other institutional investors own 29.32% of the company’s stock.

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.