BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Short Interest Up 117.3% in May

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC – Get Rating) saw a significant growth in short interest in May. As of May 15th, there was short interest totalling 55,400 shares, a growth of 117.3% from the April 30th total of 25,500 shares. Based on an average daily trading volume, of 201,800 shares, the short-interest ratio is presently 0.3 days.

Several institutional investors have recently bought and sold shares of the business. Prospera Financial Services Inc purchased a new stake in shares of BlackRock MuniHoldings California Quality Fund in the first quarter valued at approximately $34,000. Steward Partners Investment Advisory LLC acquired a new stake in BlackRock MuniHoldings California Quality Fund in the 1st quarter valued at about $42,000. Allworth Financial LP acquired a new stake in shares of BlackRock MuniHoldings California Quality Fund during the 1st quarter worth approximately $75,000. AlphaCentric Advisors LLC acquired a new stake in BlackRock MuniHoldings California Quality Fund in the 4th quarter valued at approximately $201,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in BlackRock MuniHoldings California Quality Fund by 10.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 13,706 shares of the company’s stock valued at $212,000 after buying an additional 1,262 shares during the period. 18.36% of the stock is owned by institutional investors and hedge funds.

Shares of MUC stock traded up $0.17 on Friday, reaching $12.39. 2,997 shares of the company were exchanged, compared to its average volume of 169,940. BlackRock MuniHoldings California Quality Fund has a one year low of $11.42 and a one year high of $16.47. The company has a 50-day moving average of $12.29 and a 200-day moving average of $13.97.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Monday, May 16th will be issued a $0.055 dividend. This represents a $0.66 annualized dividend and a yield of 5.33%. The ex-dividend date of this dividend is Friday, May 13th.

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.

Further Reading