(NYSE:BLH) shares saw light trading volume with 1,002 shares changing hands on Tuesday. Overall, volume was down 76.01% under the stocks normal daily volume. Short traders are more bearish on Blackrock New York Municipal 20 if you take into consideration the change in short interest. The firm had a rise in short interest of 81.20% as of the latest report on October 13, 2017. Short shares increased 3,793 over that period.
A few notable investment firms have updated their holdings. Wells Fargo & Company/mn cut its position by selling 16,166 shares a decrease of 98.0% as of 06/30/2017. Wells Fargo & Company/mn claims 335 shares worth $5,000. The total value of its holdings decreased 98.0%. Bank Of America Corp /de/ added to its stake by buying 1,128 shares an increase of 4.2% in the quarter. Bank Of America Corp /de/ owns 27,729 shares valued at $414,000. The value of the position overall is up by 4.5%.
As of quarter end Ubs Group Ag had bought a total of 3,420 shares growing its position 185.2%. The value of the total investment in Blackrock New York Municipal 20 increased from $27,000 to $79,000 a change of 192.6% quarter to quarter.
The company is down by 0.13% percent from yesterday’s close. Shares of the company are trading at $14.90 barely below $14.93, the stock’s 50 day moving average and which is slightly below the 200 day moving average of $14.91. The 50 day moving average was down by -0.20% and the 200 day average went down $-0.01 or -0.04%.
BlackRock New York Municipal 2018 Term Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust?s investment objective is to provide monthly income that is exempt from regular federal, New York State and New York City personal income taxes. The Trust will invest at least 80% of its total assets in municipal bonds that are of investment-grade quality, or are determined by BlackRock to be of equivalent credit quality at the time of purchase. The Trust may invest up to 20% of its total assets in municipal bonds that are rated, at the time of investment, Ba/BB or B by Moody’s Investors Service (Moody’s), Standard & Poor’s (S&P) or Fitch Ratings (Fitch), or that are unrated but judged to be of comparable quality by BlackRock. The Trust?s investment advisor is BlackRock Advisors, LLC (formerly known as BlackRock Advisors, Inc.). Its sub-advisor is BlackRock Financial Management, Inc., a wholly owned subsidiary of BlackRock, Inc..