BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) Sees Large Drop in Short Interest

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 8,000 shares, a decline of 45.2% from the February 13th total of 14,600 shares. Based on an average daily volume of 80,700 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

BlackRock MuniHoldings New York Quality Fund Stock Down 0.4 %

MHN stock traded down $0.04 on Friday, hitting $10.18. 75,898 shares of the company’s stock traded hands, compared to its average volume of 58,099. BlackRock MuniHoldings New York Quality Fund has a 1-year low of $10.17 and a 1-year high of $11.20. The stock has a fifty day moving average of $10.47 and a 200-day moving average of $10.67.

BlackRock MuniHoldings New York Quality Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.0515 per share. This represents a $0.62 annualized dividend and a dividend yield of 6.07%. The ex-dividend date of this dividend is Friday, March 14th.

Hedge Funds Weigh In On BlackRock MuniHoldings New York Quality Fund

Hedge funds have recently modified their holdings of the stock. Rivernorth Capital Management LLC boosted its position in shares of BlackRock MuniHoldings New York Quality Fund by 38.7% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,070,573 shares of the financial services provider’s stock valued at $11,948,000 after purchasing an additional 298,947 shares during the period. Bank of America Corp DE boosted its holdings in shares of BlackRock MuniHoldings New York Quality Fund by 49.9% in the fourth quarter. Bank of America Corp DE now owns 442,732 shares of the financial services provider’s stock worth $4,578,000 after buying an additional 147,361 shares during the period. Raymond James Financial Inc. purchased a new position in shares of BlackRock MuniHoldings New York Quality Fund in the fourth quarter worth approximately $1,058,000. Wolverine Asset Management LLC increased its position in shares of 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 worth $419,000 after acquiring an additional 36,672 shares in the last quarter. Finally, Guggenheim Capital LLC raised its holdings in shares of BlackRock MuniHoldings New York Quality Fund by 4.9% during the fourth quarter. Guggenheim Capital LLC now owns 619,360 shares of the financial services provider’s stock valued at $6,404,000 after acquiring an additional 28,694 shares during the period. 28.22% of the stock is currently owned by institutional investors and hedge funds.

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.