Short Interest in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) Declines By 16.7%

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHNGet Rating) was the target of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 9,500 shares, a drop of 16.7% from the May 15th total of 11,400 shares. Based on an average daily volume of 74,700 shares, the days-to-cover ratio is presently 0.1 days.

Shares of NYSE:MHN traded up $0.11 on Friday, hitting $10.48. 1,873 shares of the company’s stock were exchanged, compared to its average volume of 80,266. BlackRock MuniHoldings New York Quality Fund has a 12 month low of $10.47 and a 12 month high of $15.16. The business’s 50 day simple moving average is $11.47 and its two-hundred day simple moving average is $12.79.

The company also recently declared a monthly dividend, which will be paid on Friday, July 1st. Stockholders of record on Wednesday, June 15th will be paid a dividend of $0.0445 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $0.53 annualized dividend and a dividend yield of 5.10%.

Institutional investors have recently made changes to their positions in the company. GPS Wealth Strategies Group LLC purchased a new position in shares of BlackRock MuniHoldings New York Quality Fund during the first quarter valued at $30,000. Herold Advisors Inc. purchased a new position in shares of BlackRock MuniHoldings New York Quality Fund during the first quarter valued at $35,000. Steward Partners Investment Advisory LLC grew its stake in BlackRock MuniHoldings New York Quality Fund by 40.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,500 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 1,000 shares during the last quarter. Avantax Advisory Services Inc. purchased a new position in BlackRock MuniHoldings New York Quality Fund in the first quarter valued at about $130,000. Finally, Brandywine Oak Private Wealth LLC grew its stake in BlackRock MuniHoldings New York Quality Fund by 8.4% in the fourth quarter. Brandywine Oak Private Wealth LLC now owns 11,935 shares of the financial services provider’s stock valued at $170,000 after purchasing an additional 926 shares during the last quarter. Hedge funds and other institutional investors own 14.78% of the company’s stock.

BlackRock MuniHoldings New York Quality Fund Company Profile (Get Rating)

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.

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