Short Interest in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Declines By 15.0%

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 15,900 shares, a drop of 15.0% from the February 13th total of 18,700 shares. Based on an average daily volume of 110,300 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

BlackRock MuniYield New York Quality Fund Stock Performance

Shares of MYN stock opened at $9.98 on Friday. The company has a 50 day moving average of $10.14 and a 200-day moving average of $10.35. BlackRock MuniYield New York Quality Fund has a 12-month low of $9.81 and a 12-month high of $10.87.

BlackRock MuniYield New York Quality Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.0512 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.04. This represents a $0.61 annualized dividend and a yield of 6.16%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MYN. Allspring Global Investments Holdings LLC boosted its holdings in BlackRock MuniYield New York Quality Fund by 43.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 462,824 shares of the investment management company’s stock worth $4,665,000 after buying an additional 140,674 shares during the period. Bank of America Corp DE boosted its holdings in BlackRock MuniYield New York Quality Fund by 16.1% in the 4th quarter. Bank of America Corp DE now owns 562,629 shares of the investment management company’s stock worth $5,671,000 after buying an additional 77,915 shares during the period. Guggenheim Capital LLC boosted its holdings in BlackRock MuniYield New York Quality Fund by 8.1% in the 4th quarter. Guggenheim Capital LLC now owns 825,819 shares of the investment management company’s stock worth $8,324,000 after buying an additional 61,533 shares during the period. Raymond James Financial Inc. bought a new position in BlackRock MuniYield New York Quality Fund in the 4th quarter worth approximately $577,000. Finally, Landscape Capital Management L.L.C. boosted its holdings in BlackRock MuniYield New York Quality Fund by 154.6% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 29,808 shares of the investment management company’s stock valued at $321,000 after purchasing an additional 18,098 shares during the period. 29.32% of the stock is owned by institutional investors.

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.