BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) Short Interest Down 16.2% in January

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) saw a significant decrease in short interest in January. As of January 30th, there was short interest totaling 22,637 shares, a decrease of 16.2% from the January 15th total of 27,027 shares. Based on an average daily trading volume, of 45,797 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 45,797 shares, the short-interest ratio is presently 0.5 days.

BlackRock MuniHoldings New York Quality Fund Price Performance

MHN traded down $0.06 during mid-day trading on Tuesday, reaching $10.29. 39,852 shares of the stock were exchanged, compared to its average volume of 49,107. The company has a 50 day moving average price of $10.29 and a two-hundred day moving average price of $10.18. BlackRock MuniHoldings New York Quality Fund has a 1 year low of $9.39 and a 1 year high of $10.64.

BlackRock MuniHoldings New York Quality Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 6th will be paid a $0.0515 dividend. The ex-dividend date is Friday, February 6th. This represents a c) annualized dividend and a yield of 6.0%.

Analysts Set New Price Targets

Separately, Weiss Ratings initiated coverage on shares of BlackRock MuniHoldings New York Quality Fund in a research report on Monday, January 5th. They set a “hold (c-)” rating for the company. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, BlackRock MuniHoldings New York Quality Fund has a consensus rating of “Hold”.

Institutional Investors Weigh In On BlackRock MuniHoldings New York Quality Fund

Several large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new position in shares of BlackRock MuniHoldings New York Quality Fund during the third quarter valued at approximately $5,061,000. Fiera Capital Corp purchased a new stake in shares of BlackRock MuniHoldings New York Quality Fund in the 4th quarter worth approximately $2,899,000. City of London Investment Management Co. Ltd. purchased a new stake in shares of BlackRock MuniHoldings New York Quality Fund in the 3rd quarter worth approximately $579,000. Raymond James Financial Inc. increased its position in BlackRock MuniHoldings New York Quality Fund by 44.7% during the 2nd quarter. Raymond James Financial Inc. now owns 147,877 shares of the financial services provider’s stock valued at $1,452,000 after buying an additional 45,713 shares in the last quarter. Finally, TrueMark Investments LLC purchased a new position in BlackRock MuniHoldings New York Quality Fund during the third quarter valued at $382,000. Institutional investors own 28.22% of the company’s stock.

About BlackRock MuniHoldings New York Quality Fund

BlackRock MuniHoldings New York Quality Fund (NYSE: MHN) is a closed-end management investment company that seeks to provide current income exempt from federal and New York state income taxes. The fund primarily invests in investment-grade municipal securities issued by the State of New York and its political subdivisions, offering investors targeted exposure to the public finance activities of one of the nation’s largest municipal bond markets.

The fund’s portfolio is concentrated in high-quality, tax-exempt obligations such as general obligation bonds and revenue bonds backed by state and local government revenues.