BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Short Interest Update

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) saw a large growth in short interest in July. As of July 15th, there was short interest totalling 26,200 shares, a growth of 22.4% from the June 30th total of 21,400 shares. Based on an average daily trading volume, of 60,400 shares, the days-to-cover ratio is currently 0.4 days.

BlackRock MuniYield New York Quality Fund Trading Up 1.2 %

MYN traded up $0.12 on Tuesday, reaching $10.51. 407,069 shares of the company traded hands, compared to its average volume of 71,900. BlackRock MuniYield New York Quality Fund has a one year low of $8.47 and a one year high of $10.62. The firm has a fifty day simple moving average of $10.42 and a two-hundred day simple moving average of $10.35.

BlackRock MuniYield New York Quality Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be issued a dividend of $0.0442 per share. The ex-dividend date of this dividend is Monday, July 15th. This represents a $0.53 dividend on an annualized basis and a yield of 5.05%.

Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MYN. Robinson Capital Management LLC increased its position in BlackRock MuniYield New York Quality Fund by 169.8% during the 4th quarter. Robinson Capital Management LLC now owns 260,041 shares of the investment management company’s stock valued at $2,684,000 after purchasing an additional 163,669 shares during the period. Mackay Shields LLC increased its position in BlackRock MuniYield New York Quality Fund by 49.9% during the 4th quarter. Mackay Shields LLC now owns 814,624 shares of the investment management company’s stock valued at $8,415,000 after purchasing an additional 271,029 shares during the period. Arnhold LLC purchased a new position in shares of BlackRock MuniYield New York Quality Fund in the 4th quarter worth approximately $383,000. Tortoise Investment Management LLC grew its position in shares of BlackRock MuniYield New York Quality Fund by 74.3% in the 4th quarter. Tortoise Investment Management LLC now owns 97,373 shares of the investment management company’s stock worth $1,006,000 after buying an additional 41,501 shares during the last quarter. Finally, Karpus Management Inc. grew its position in shares of BlackRock MuniYield New York Quality Fund by 6.0% in the 4th quarter. Karpus Management Inc. now owns 1,032,621 shares of the investment management company’s stock worth $10,667,000 after buying an additional 58,786 shares during the last quarter. 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.