BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) Short Interest Up 151.8% in September

BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 137,500 shares, a growth of 151.8% from the August 31st total of 54,600 shares. Based on an average trading volume of 96,800 shares, the days-to-cover ratio is presently 1.4 days.

BlackRock MuniHoldings Fund Trading Down 0.3 %

Shares of NYSE:MHD traded down $0.04 during midday trading on Friday, hitting $12.68. The company had a trading volume of 79,160 shares, compared to its average volume of 102,485. BlackRock MuniHoldings Fund has a 12-month low of $9.92 and a 12-month high of $12.96. The company has a fifty day moving average of $12.38 and a two-hundred day moving average of $12.03.

BlackRock MuniHoldings Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a $0.0595 dividend. This is a boost from BlackRock MuniHoldings Fund’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.71 dividend on an annualized basis and a yield of 5.63%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Wolverine Asset Management LLC purchased a new stake in shares of BlackRock MuniHoldings Fund in the second quarter worth $91,000. Ashton Thomas Private Wealth LLC bought a new stake in BlackRock MuniHoldings Fund during the 2nd quarter valued at approximately $103,000. Insigneo Advisory Services LLC purchased a new position in BlackRock MuniHoldings Fund in the 2nd quarter worth approximately $121,000. Concourse Financial Group Securities Inc. lifted its holdings in BlackRock MuniHoldings Fund by 24.6% in the 1st quarter. Concourse Financial Group Securities Inc. now owns 10,962 shares of the company’s stock worth $133,000 after purchasing an additional 2,165 shares in the last quarter. Finally, Essex Financial Services Inc. bought a new position in BlackRock MuniHoldings Fund in the 2nd quarter worth approximately $140,000.

BlackRock MuniHoldings Fund Company Profile

BlackRock MuniHoldings 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 the fixed income markets of the United States. It primarily invests in investment grade municipal bonds that are exempt from federal income taxes.