BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Short Interest Up 235.8% in March

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 53,400 shares, an increase of 235.8% from the February 28th total of 15,900 shares. Based on an average trading volume of 111,800 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are sold short.

BlackRock MuniYield New York Quality Fund Trading Up 0.7 %

Shares of MYN stock opened at $9.92 on Friday. The business’s 50 day moving average is $10.12 and its two-hundred day moving average is $10.33. BlackRock MuniYield New York Quality Fund has a twelve month low of $9.80 and a twelve month high of $10.87.

BlackRock MuniYield New York Quality Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.0512 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 6.19%. This is a positive change from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Friday, March 14th.

Hedge Funds Weigh In On BlackRock MuniYield New York Quality Fund

A number of large investors have recently bought and sold shares of the company. Citadel Advisors LLC purchased a new stake in shares of BlackRock MuniYield New York Quality Fund in the fourth quarter valued at about $106,000. PFG Investments LLC acquired a new stake in BlackRock MuniYield New York Quality Fund in the fourth quarter valued at about $112,000. Tallon Kerry Patrick purchased a new stake in BlackRock MuniYield New York Quality Fund in the 4th quarter valued at approximately $122,000. Atria Wealth Solutions Inc. acquired a new position in BlackRock MuniYield New York Quality Fund during the 4th quarter worth approximately $128,000. Finally, Two Sigma Securities LLC purchased a new position in shares of BlackRock MuniYield New York Quality Fund during the 4th quarter worth approximately $161,000. Hedge funds and other institutional investors own 29.32% of the company’s stock.

BlackRock MuniYield New York Quality Fund Company Profile

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.