Short Interest in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) Declines By 19.9%

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) saw a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 25,700 shares, a decline of 19.9% from the November 15th total of 32,100 shares. Based on an average daily trading volume, of 59,100 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new position in shares of BlackRock MuniHoldings New York Quality Fund in the third quarter valued at $122,000. Herold Advisors Inc. acquired a new position in shares of BlackRock MuniHoldings New York Quality Fund in the second quarter valued at $186,000. Blue Bell Private Wealth Management LLC grew its position in BlackRock MuniHoldings New York Quality Fund by 53.7% in the second quarter. Blue Bell Private Wealth Management LLC now owns 28,500 shares of the financial services provider’s stock valued at $307,000 after acquiring an additional 9,963 shares during the period. Wolverine Asset Management LLC grew its position in BlackRock MuniHoldings New York Quality Fund by 4,029.9% in the third quarter. Wolverine Asset Management LLC now owns 37,582 shares of the financial services provider’s stock valued at $419,000 after acquiring an additional 36,672 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in BlackRock MuniHoldings New York Quality Fund by 4.1% in the second quarter. Commonwealth Equity Services LLC now owns 66,959 shares of the financial services provider’s stock valued at $720,000 after acquiring an additional 2,660 shares during the period. 28.22% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniHoldings New York Quality Fund Stock Down 1.3 %

Shares of MHN stock traded down $0.14 during trading hours on Friday, reaching $10.70. 35,992 shares of the company’s stock were exchanged, compared to its average volume of 51,603. BlackRock MuniHoldings New York Quality Fund has a fifty-two week low of $10.18 and a fifty-two week high of $11.20. The business has a fifty day moving average price of $10.81 and a 200-day moving average price of $10.81.

BlackRock MuniHoldings New York Quality Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.0515 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.78%.

BlackRock MuniHoldings New York Quality Fund Company Profile

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.