BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Stock Short Interest Falls 78.7%

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) was the target of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 44,069 shares, a drop of 78.7% from the October 15th total of 207,300 shares. Based on an average daily volume of 608,145 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund

A number of institutional investors have recently made changes to their positions in MYN. Rivernorth Capital Management LLC raised its position in shares of BlackRock MuniYield New York Quality Fund by 411.5% during the 1st quarter. Rivernorth Capital Management LLC now owns 1,722,732 shares of the investment management company’s stock valued at $16,538,000 after acquiring an additional 1,385,904 shares in the last quarter. Bank of America Corp DE lifted its stake in BlackRock MuniYield New York Quality Fund by 132.7% during the first quarter. Bank of America Corp DE now owns 1,645,711 shares of the investment management company’s stock worth $15,799,000 after purchasing an additional 938,369 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in BlackRock MuniYield New York Quality Fund by 81.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,238,577 shares of the investment management company’s stock worth $11,890,000 after purchasing an additional 557,751 shares during the period. Cetera Investment Advisers boosted its holdings in BlackRock MuniYield New York Quality Fund by 504.2% in the first quarter. Cetera Investment Advisers now owns 350,425 shares of the investment management company’s stock worth $3,364,000 after purchasing an additional 292,427 shares during the period. Finally, Whitebox Advisors LLC acquired a new position in BlackRock MuniYield New York Quality Fund in the first quarter worth $2,627,000. 29.32% of the stock is currently owned by institutional investors.

BlackRock MuniYield New York Quality Fund Stock Up 0.0%

NYSE:MYN traded up $0.00 during mid-day trading on Friday, reaching $9.11. The stock had a trading volume of 334,389 shares, compared to its average volume of 540,991. BlackRock MuniYield New York Quality Fund has a 1-year low of $8.58 and a 1-year high of $10.22. The stock’s 50 day simple moving average is $9.03 and its two-hundred day simple moving average is $9.70.

BlackRock MuniYield New York Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be issued a dividend of $0.0512 per share. This represents a $0.61 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend is Friday, November 13th.

BlackRock MuniYield New York Quality Fund Company Profile

BlackRock MuniYield New York Quality Fund is a closed-end investment fund managed by BlackRock Advisors, LLC. It seeks to provide investors with a high level of current income exempt from federal income taxes and New York State and New York City personal income taxes, while also seeking to preserve capital. The fund invests primarily in municipal obligations issued by or on behalf of New York State and its municipalities and public agencies. Its portfolio may include bonds that finance public services and infrastructure, with the fund’s income and risk profile depending on the securities it holds.