Short Interest in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) Rises By 298.4%

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 51,400 shares, an increase of 298.4% from the December 15th total of 12,900 shares. Based on an average daily volume of 71,600 shares, the short-interest ratio is currently 0.7 days.

BlackRock MuniHoldings New York Quality Fund Stock Performance

Shares of MHN traded up $0.02 during midday trading on Monday, hitting $10.40. 53,532 shares of the stock traded hands, compared to its average volume of 78,219. The business’s 50 day moving average price is $10.63 and its two-hundred day moving average price is $10.77. BlackRock MuniHoldings New York Quality Fund has a 1-year low of $10.18 and a 1-year high of $11.20.

BlackRock MuniHoldings New York Quality Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.0515 per share. This represents a $0.62 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date is Wednesday, January 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MHN. Rivernorth Capital Management LLC boosted its position in shares of BlackRock MuniHoldings New York Quality Fund by 38.7% during the third quarter. Rivernorth Capital Management LLC now owns 1,070,573 shares of the financial services provider’s stock worth $11,948,000 after buying an additional 298,947 shares during the period. Whitebox Advisors LLC raised its stake in BlackRock MuniHoldings New York Quality Fund by 174.7% during the 2nd quarter. Whitebox Advisors LLC now owns 139,973 shares of the financial services provider’s stock valued at $1,506,000 after acquiring an additional 89,010 shares in the last quarter. Wolverine Asset Management LLC boosted its position in BlackRock MuniHoldings New York Quality Fund by 4,029.9% during the 3rd quarter. Wolverine Asset Management LLC now owns 37,582 shares of the financial services provider’s stock worth $419,000 after acquiring an additional 36,672 shares during the period. Sanctuary Advisors LLC bought a new position in shares of BlackRock MuniHoldings New York Quality Fund in the third quarter worth $122,000. Finally, Commonwealth Equity Services LLC increased its holdings in shares of BlackRock MuniHoldings New York Quality Fund by 4.1% during the second quarter. Commonwealth Equity Services LLC now owns 66,959 shares of the financial services provider’s stock valued at $720,000 after purchasing an additional 2,660 shares during the period. Institutional investors own 28.22% of the company’s stock.

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.