BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Short Interest Down 19.2% in January

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 79,500 shares, a decline of 19.2% from the December 31st total of 98,400 shares. Based on an average daily volume of 104,000 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund

A number of large investors have recently made changes to their positions in MYN. PFG Investments LLC bought a new position in shares of BlackRock MuniYield New York Quality Fund during the 4th quarter valued at approximately $112,000. Tallon Kerry Patrick bought a new position in shares of BlackRock MuniYield New York Quality Fund during the 4th quarter valued at approximately $122,000. Atria Wealth Solutions Inc. bought a new position in shares of BlackRock MuniYield New York Quality Fund during the 4th quarter valued at approximately $128,000. Walleye Capital LLC bought a new position in shares of BlackRock MuniYield New York Quality Fund during the 3rd quarter valued at approximately $167,000. Finally, Joseph P. Lucia & Associates LLC grew its stake in shares of BlackRock MuniYield New York Quality Fund by 81.0% during the 4th quarter. Joseph P. Lucia & Associates LLC now owns 20,963 shares of the investment management company’s stock valued at $211,000 after acquiring an additional 9,380 shares during the period. 29.32% of the stock is currently owned by institutional investors.

BlackRock MuniYield New York Quality Fund Trading Up 0.5 %

Shares of BlackRock MuniYield New York Quality Fund stock traded up $0.05 during trading hours on Friday, reaching $10.10. 142,756 shares of the stock traded hands, compared to its average volume of 80,567. The company has a 50 day moving average price of $10.27 and a 200 day moving average price of $10.43. BlackRock MuniYield New York Quality Fund has a one year low of $9.99 and a one year high of $10.87.

BlackRock MuniYield New York Quality Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.0512 per share. This is an increase from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.04. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.08%. The ex-dividend date is Wednesday, January 15th.

About BlackRock MuniYield New York Quality Fund

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.