BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Short Interest Update

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 43,900 shares, a drop of 26.5% from the August 31st total of 59,700 shares. Based on an average daily volume of 125,900 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 125,900 shares, the days-to-cover ratio is presently 0.3 days.

BlackRock MuniHoldings New Jersey Quality Fund Trading Down 0.1%

NYSE:MUJ opened at $11.64 on Thursday. BlackRock MuniHoldings New Jersey Quality Fund has a twelve month low of $10.50 and a twelve month high of $12.12. The stock has a fifty day simple moving average of $11.21 and a 200-day simple moving average of $11.03.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be issued a $0.054 dividend. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Wednesday, October 15th.

Institutional Trading of BlackRock MuniHoldings New Jersey Quality Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Traphagen Investment Advisors LLC raised its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 21.4% in the third quarter. Traphagen Investment Advisors LLC now owns 20,334 shares of the financial services provider’s stock valued at $236,000 after acquiring an additional 3,580 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 26.8% in the second quarter. Osaic Holdings Inc. now owns 54,095 shares of the financial services provider’s stock valued at $593,000 after acquiring an additional 11,438 shares in the last quarter. Nomura Holdings Inc. bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the second quarter valued at about $110,000. Bank of America Corp DE raised its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 7.6% in the second quarter. Bank of America Corp DE now owns 449,183 shares of the financial services provider’s stock valued at $4,919,000 after acquiring an additional 31,816 shares in the last quarter. Finally, Peapack Gladstone Financial Corp raised its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 8.3% in the second quarter. Peapack Gladstone Financial Corp now owns 32,859 shares of the financial services provider’s stock valued at $360,000 after acquiring an additional 2,522 shares in the last quarter. 15.13% of the stock is currently owned by institutional investors.

About BlackRock MuniHoldings New Jersey Quality Fund

BlackRock MuniHoldings New Jersey Quality Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of United States. The fund invests primarily in long-term, investment grade municipal obligations exempt from federal income taxes and New Jersey personal income taxes.