BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Sees Significant Drop in Short Interest

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 1,900 shares, a decline of 96.9% from the December 31st total of 60,900 shares. Based on an average daily volume of 330,500 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On BlackRock MuniHoldings California Quality Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Golden State Wealth Management LLC bought a new stake in shares of BlackRock MuniHoldings California Quality Fund in the 4th quarter worth $55,000. Choreo LLC lifted its stake in BlackRock MuniHoldings California Quality Fund by 12.6% during the 4th quarter. Choreo LLC now owns 48,776 shares of the company’s stock valued at $518,000 after acquiring an additional 5,469 shares during the period. Litman Gregory Wealth Management LLC grew its stake in shares of BlackRock MuniHoldings California Quality Fund by 6.0% in the fourth quarter. Litman Gregory Wealth Management LLC now owns 38,794 shares of the company’s stock worth $412,000 after acquiring an additional 2,179 shares during the period. SteelPeak Wealth LLC bought a new position in BlackRock MuniHoldings California Quality Fund during the fourth quarter valued at approximately $248,000. Finally, Southern Style Financial Inc. bought a new stake in shares of BlackRock MuniHoldings California Quality Fund in the fourth quarter worth $124,000. Hedge funds and other institutional investors own 30.99% of the company’s stock.

BlackRock MuniHoldings California Quality Fund Trading Down 0.2 %

Shares of MUC stock opened at $10.78 on Thursday. The stock has a 50 day moving average price of $10.88 and a two-hundred day moving average price of $11.14. BlackRock MuniHoldings California Quality Fund has a fifty-two week low of $10.52 and a fifty-two week high of $11.64.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.0535 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.64 annualized dividend and a yield of 5.96%.

BlackRock MuniHoldings California Quality Fund Company Profile

BlackRock MuniHoldings California 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 a portfolio of long-term investment-grade municipal obligations, the interest on which is exempt from Federal and California income taxes.