Trading was light with 1,005 shares changing hands by the end of trading on Tuesday. Volume was down 76.51% under the stocks average daily volume. Short traders are more bearish on Blackrock Muni New York Interme lately as inferred by the uptick in short interest. The company recorded a rise in short interest between September 29, 2017 and October 13, 2017 of 51.15%. Short interest increased from 4,827 to 7,296 over that timeframe.
A few notable investment firms have updated their holdings. Horizon Kinetics LLC added to its investment by buying 10,144 shares an increase of 67.4%. Horizon Kinetics LLC owns 25,197 shares with a value of $353,000. The total value of its holdings increased 70.5%. As of quarter end Ubs Group Ag had bought 213 shares growing its position 31.0%. The value of the investment in Blackrock Muni New York Interme increased from $9,000 to $13,000 a change of $4,000 quarter over quarter.
As of the end of the quarter Deschutes Portfolio Strategy, LLC had acquired a total of 2,000 shares growing its stake by 6.9%. The value of the company’s investment in Blackrock Muni New York Interme went from $404,000 to $432,000 a change of 6.9% quarter to quarter. As of quarter end Raymond James Financial Services Advisors, Inc. had sold 6,103 shares trimming its holdings by 25.0%. The value in dollars went from $341,000 to $256,000 decreasing 24.9% for the reporting period.
The company is so far trading up from yesterday’s close of $13.77. Shares are trading at $13.77 which is marginally lower than the 50 day moving average of $14.02 and just below the 200 day moving average of $13.98. The 50 day moving average went down by -1.81% whereas the 200 day moving average was down $-0.21 or -1.50%.
BlackRock Muni New York Intermediate Duration Fund, Inc. (the Fund), formerly Muni New York Intermediate Duration Fund, Inc. is a non- diversified, closed-end management investment company. It seeks to provide shareholders with high current income exempt from federal income taxes and New York State and New York City personal income taxes..Advertisement