Short Interest in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) Expands By 232.5%

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 26,600 shares, a growth of 232.5% from the February 28th total of 8,000 shares. Based on an average daily volume of 80,100 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

BlackRock MuniHoldings New York Quality Fund Stock Up 0.4 %

Shares of MHN traded up $0.04 during midday trading on Friday, reaching $10.15. 90,639 shares of the stock were exchanged, compared to its average volume of 59,427. The stock’s 50 day simple moving average is $10.42 and its 200 day simple moving average is $10.64. BlackRock MuniHoldings New York Quality Fund has a twelve month low of $10.05 and a twelve month high of $11.20.

BlackRock MuniHoldings New York Quality Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.0515 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 6.09%.

Institutional Investors Weigh In On BlackRock MuniHoldings New York Quality Fund

Several institutional investors and hedge funds have recently bought and sold shares of MHN. Bank of America Corp DE raised its position in shares of BlackRock MuniHoldings New York Quality Fund by 49.9% in the 4th quarter. Bank of America Corp DE now owns 442,732 shares of the financial services provider’s stock valued at $4,578,000 after buying an additional 147,361 shares in the last quarter. Generation Capital Management LLC bought a new stake in BlackRock MuniHoldings New York Quality Fund during the fourth quarter worth $119,000. Guggenheim Capital LLC boosted its holdings in shares of BlackRock MuniHoldings New York Quality Fund by 4.9% in the 4th quarter. Guggenheim Capital LLC now owns 619,360 shares of the financial services provider’s stock valued at $6,404,000 after purchasing an additional 28,694 shares in the last quarter. Broyhill Asset Management bought a new position in shares of BlackRock MuniHoldings New York Quality Fund in the 4th quarter valued at $253,000. Finally, Raymond James Financial Inc. bought a new position in shares of BlackRock MuniHoldings New York Quality Fund in the 4th quarter valued at $1,058,000. Institutional investors own 28.22% of the company’s stock.

About BlackRock MuniHoldings New York Quality Fund

BlackRock MuniHoldings 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 investment grade New York municipal obligations exempt from federal income taxes and New York State and New York City personal income taxes.