BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) Short Interest Down 91.6% in October

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 3,100 shares, a decrease of 91.6% from the September 30th total of 36,700 shares. Based on an average daily trading volume, of 60,300 shares, the short-interest ratio is currently 0.1 days.

BlackRock MuniHoldings New York Quality Fund Stock Performance

Shares of MHN stock traded up $0.10 on Friday, reaching $10.73. 129,175 shares of the stock were exchanged, compared to its average volume of 50,578. The business’s 50 day moving average price is $10.92 and its 200 day moving average price is $10.73. BlackRock MuniHoldings New York Quality Fund has a twelve month low of $8.70 and a twelve month high of $11.20.

BlackRock MuniHoldings New York Quality Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a dividend of $0.0515 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This is an increase from BlackRock MuniHoldings New York Quality Fund’s previous monthly dividend of $0.04. This represents a $0.62 annualized dividend and a dividend yield of 5.76%.

Institutional Trading of BlackRock MuniHoldings New York Quality Fund

A number of institutional investors have recently modified their holdings of MHN. Commonwealth Equity Services LLC grew its stake in BlackRock MuniHoldings New York Quality Fund by 5.0% in the 1st quarter. Commonwealth Equity Services LLC now owns 64,299 shares of the financial services provider’s stock worth $681,000 after acquiring an additional 3,072 shares during the period. Tidal Investments LLC grew its position in shares of BlackRock MuniHoldings New York Quality Fund by 6.2% during the first quarter. Tidal Investments LLC now owns 30,155 shares of the financial services provider’s stock worth $319,000 after buying an additional 1,761 shares in the last quarter. Whitebox Advisors LLC increased its position in shares of BlackRock MuniHoldings New York Quality Fund by 174.7% in the 2nd quarter. Whitebox Advisors LLC now owns 139,973 shares of the financial services provider’s stock worth $1,506,000 after purchasing an additional 89,010 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in BlackRock MuniHoldings New York Quality Fund by 53.7% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 28,500 shares of the financial services provider’s stock worth $307,000 after buying an additional 9,963 shares during the last quarter. Finally, Herold Advisors Inc. bought a new stake in BlackRock MuniHoldings New York Quality Fund during the second quarter valued at $186,000. 28.22% of the stock is currently owned by hedge funds and other institutional investors.

About BlackRock MuniHoldings New York Quality Fund

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.