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

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC – Get Rating) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totalling 25,500 shares, an increase of 59.4% from the April 15th total of 16,000 shares. Based on an average daily volume of 175,800 shares, the days-to-cover ratio is presently 0.1 days.

BlackRock MuniHoldings California Quality Fund stock traded up $0.17 during midday trading on Friday, reaching $11.96. 301,690 shares of the company were exchanged, compared to its average volume of 312,663. The firm’s 50-day simple moving average is $12.57 and its 200-day simple moving average is $14.18. BlackRock MuniHoldings California Quality Fund has a 1 year low of $11.58 and a 1 year high of $16.47.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, June 1st. Investors of record on Monday, May 16th will be given a dividend of $0.055 per share. This represents a $0.66 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date is Friday, May 13th.

A number of institutional investors have recently bought and sold shares of the stock. Morgan Stanley increased its position in BlackRock MuniHoldings California Quality Fund by 5.9% during the 3rd quarter. Morgan Stanley now owns 1,593,313 shares of the company’s stock worth $24,967,000 after purchasing an additional 89,385 shares in the last quarter. Bank of America Corp DE grew its holdings in BlackRock MuniHoldings California Quality Fund by 3.5% in the 4th quarter. Bank of America Corp DE now owns 690,382 shares of the company’s stock valued at $10,660,000 after buying an additional 23,517 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in BlackRock MuniHoldings California Quality Fund by 15.0% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 319,779 shares of the company’s stock valued at $4,183,000 after buying an additional 41,765 shares during the period. Fiera Capital Corp grew its holdings in BlackRock MuniHoldings California Quality Fund by 209.2% in the 1st quarter. Fiera Capital Corp now owns 269,937 shares of the company’s stock valued at $3,531,000 after buying an additional 182,638 shares during the period. Finally, Ignite Planners LLC purchased a new stake in BlackRock MuniHoldings California Quality Fund in the 1st quarter valued at about $2,198,000. Hedge funds and other institutional investors own 18.36% of the company’s stock.

About BlackRock MuniHoldings California Quality Fund (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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