Short Interest in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Increases By 49.8%

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 37,900 shares, an increase of 49.8% from the February 28th total of 25,300 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 126,900 shares, the short-interest ratio is currently 0.3 days.

BlackRock MuniHoldings New Jersey Quality Fund Stock Up 0.1 %

NYSE:MUJ traded up $0.01 during mid-day trading on Friday, reaching $11.21. 47,411 shares of the company’s stock traded hands, compared to its average volume of 109,389. BlackRock MuniHoldings New Jersey Quality Fund has a 12-month low of $10.97 and a 12-month high of $12.24. The company has a 50 day moving average price of $11.44 and a 200-day moving average price of $11.60.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $0.054 per share. The ex-dividend date is Friday, March 14th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.78%.

Institutional Trading of BlackRock MuniHoldings New Jersey Quality Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sit Investment Associates Inc. increased its position in BlackRock MuniHoldings New Jersey Quality Fund by 1,325.1% during the 4th quarter. Sit Investment Associates Inc. now owns 529,883 shares of the financial services provider’s stock valued at $5,866,000 after purchasing an additional 492,701 shares during the period. Guggenheim Capital LLC increased its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 5.3% during the fourth quarter. Guggenheim Capital LLC now owns 402,588 shares of the financial services provider’s stock valued at $4,457,000 after buying an additional 20,408 shares during the period. Bank of America Corp DE raised its stake in BlackRock MuniHoldings New Jersey Quality Fund by 9.3% in the fourth quarter. Bank of America Corp DE now owns 383,621 shares of the financial services provider’s stock worth $4,247,000 after buying an additional 32,776 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter worth about $3,387,000. Finally, Leigh Baldwin & CO. LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter valued at approximately $2,967,000. Hedge funds and other institutional investors own 15.13% of the company’s stock.

BlackRock MuniHoldings New Jersey Quality Fund Company Profile

BlackRock MuniHoldings New Jersey Quality Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of United States. The fund invests primarily in long-term, investment grade municipal obligations exempt from federal income taxes and New Jersey personal income taxes.