MYN Stock Summary and Trading Ideas (Blackrock Muniyld Ny Quality | NYSE:MYN)

BlackRock MuniYield New York Quality Fund, Inc.’s (MYN) (the “Fund”) investment objective is to provide shareholders with as high a level of current income exempt from federal income taxes and New York State and New York City personal income taxes as is consistent with its investment policies and prudent investment management. The Fund seeks to achieve its investment objective by investing at least 80% of its assets in municipal obligations exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax) and New York State and New York City personal income taxes. Under normal market conditions, the Fund invests primarily in long-term municipal obligations that are investment grade quality at the time of investment. The Fund may invest directly in such securities or synthetically through the use of derivatives.

Blackrock Muniyld Ny Quality trades on the NYSE stock market under the symbol MYN.

As of May 2, 2024, MYN stock price was flat at $10.05 with 41,405 million shares trading.

MYN has a beta of 0.58, meaning it tends to be less sensitive to market movements. MYN has a correlation of 0.29 to the broad based SPY ETF.

MYN has a market cap of $385.05 million. This is considered a Small Cap stock.

In the last 3 years, MYN stock traded as high as $14.67 and as low as $8.47.

MYN has underperformed the market in the last year with a price return of +5.8% while the SPY ETF gained +22.5%. MYN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.2% and -1.1%, respectively, while the SPY returned +3.0% and +0.3%, respectively.

MYN support price is $10.00 and resistance is $10.11 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MYN stock will trade within this expected range on the day.