BlackRock MuniHoldings New York Quality Fund, Inc. Sees Short Interest Drop by Over 80% in January

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) experienced a significant reduction in short interest during January. By the end of the month, specifically on January 31st, the total short interest had decreased to 21,300 shares, which is an 80.1% drop from the 106,900 shares recorded on January 15th. With an average daily trading volume of 77,800 shares, the current days-to-cover ratio stands at 0.3 days.

Institutional Involvement in BlackRock MuniHoldings New York Quality Fund

Recent changes in positions among several hedge funds and institutional investors have been observed in relation to BlackRock MuniHoldings New York Quality Fund. For instance, Sanctuary Advisors LLC acquired a new position in the fund in the third quarter, valued at $122,000. Similarly, Stephens Inc. AR purchased shares worth $166,000 during the fourth quarter. LPL Financial LLC has also increased its stake in the fund by 20.7%, now holding 25,115 shares valued at $260,000 after acquiring an additional 4,301 shares in the last quarter. Additionally, Dakota Wealth Management enhanced its position by 51.7%, bringing its total to 25,622 shares worth $265,000 after buying 8,728 more shares. Finally, Breakwater Capital Group entered the fray by purchasing a stake valued at approximately $271,000 in the fourth quarter. Currently, institutional investors hold about 28.22% of BlackRock MuniHoldings New York Quality Fund's stock.

Stock Performance of BlackRock MuniHoldings New York Quality Fund

During midday trading on Wednesday, NYSE:MHN saw a decrease of $0.10, settling at $10.48. A total of 23,128 shares exchanged hands, compared to the average volume of 74,158 shares. The fund's stock has recorded a 12-month low of $10.18 and a 12-month high of $11.20. The fifty-day moving average for the fund is $10.50, while the 200-day moving average is $10.72.

Dividend Announcement by BlackRock MuniHoldings New York Quality Fund

Recently, the firm announced a monthly dividend, set to be paid on Monday, March 3rd. Shareholders who are on record as of Friday, February 14th, will receive a dividend payout of $0.0515. The ex-dividend date is also on February 14th. This dividend represents an annualized total of $0.62, corresponding to a yield of 5.90%.

About BlackRock MuniHoldings New York Quality Fund

BlackRock MuniHoldings New York Quality Fund, Inc is a closed-ended fixed income mutual fund initiated by BlackRock, Inc and managed by BlackRock Advisors, LLC. The fund primarily invests in fixed income markets, focusing on investment-grade New York municipal obligations that are exempt from federal income taxes as well as from New York State and municipal personal income taxes.

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