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

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC – Get Rating) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 200,300 shares, a growth of 108.0% from the March 15th total of 96,300 shares. Based on an average daily volume of 97,000 shares, the short-interest ratio is currently 2.1 days.

BlackRock MuniHoldings California Quality Fund stock traded down $0.09 during mid-day trading on Friday, hitting $12.10. The stock had a trading volume of 367,558 shares, compared to its average volume of 159,004. The firm’s 50 day moving average is $13.28 and its 200 day moving average is $14.69. BlackRock MuniHoldings California Quality Fund has a one year low of $12.04 and a one year high of $16.47.

The company also recently announced a monthly dividend, which will be paid on Monday, May 2nd. Investors of record on Thursday, April 7th will be issued a $0.055 dividend. This represents a $0.66 annualized dividend and a yield of 5.45%. The ex-dividend date of this dividend is Wednesday, April 6th.

A number of institutional investors have recently modified their holdings of MUC. Atwood & Palmer Inc. bought a new position in shares of BlackRock MuniHoldings California Quality Fund during the 3rd quarter valued at about $43,000. Litman Gregory Wealth Management LLC boosted its holdings in shares of BlackRock MuniHoldings California Quality Fund by 6,177.8% during the 3rd quarter. Litman Gregory Wealth Management LLC now owns 11,300 shares of the company’s stock valued at $177,000 after purchasing an additional 11,120 shares during the last quarter. AlphaCentric Advisors LLC bought a new position in shares of BlackRock MuniHoldings California Quality Fund during the 4th quarter valued at about $201,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of BlackRock MuniHoldings California Quality Fund by 10.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 13,706 shares of the company’s stock valued at $212,000 after purchasing an additional 1,262 shares during the last quarter. Finally, Strategic Wealth Advisors Group LLC bought a new position in shares of BlackRock MuniHoldings California Quality Fund in the 4th quarter valued at about $276,000. 18.46% of the stock is owned by institutional investors.

BlackRock MuniHoldings California Quality Fund Company Profile (Get Rating)

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.

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