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

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 74,400 shares, a growth of 24.4% from the January 31st total of 59,800 shares. Based on an average trading volume of 322,500 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of BlackRock MuniHoldings California Quality Fund

Several hedge funds have recently made changes to their positions in MUC. JPMorgan Chase & Co. purchased a new stake in shares of BlackRock MuniHoldings California Quality Fund during the third quarter valued at $25,000. Golden State Wealth Management LLC bought a new stake in shares of BlackRock MuniHoldings California Quality Fund during the fourth quarter valued at approximately $55,000. Oppenheimer & Co. Inc. purchased a new stake in shares of BlackRock MuniHoldings California Quality Fund in the third quarter valued at approximately $118,000. Whipplewood Advisors LLC purchased a new position in BlackRock MuniHoldings California Quality Fund during the 4th quarter worth $117,000. Finally, Cary Street Partners Financial LLC purchased a new stake in shares of BlackRock MuniHoldings California Quality Fund in the 4th quarter worth $117,000. 30.99% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniHoldings California Quality Fund Stock Performance

Shares of NYSE:MUC traded down $0.08 during trading on Friday, hitting $10.94. 80,546 shares of the company’s stock were exchanged, compared to its average volume of 233,625. The business’s 50-day simple moving average is $10.83 and its 200 day simple moving average is $11.10. BlackRock MuniHoldings California Quality Fund has a 52-week low of $10.52 and a 52-week high of $11.64.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.0535 dividend. This represents a $0.64 annualized dividend and a yield of 5.87%. The ex-dividend date of this dividend is Friday, March 14th.

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.