BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Short Interest Up 404.0% in December

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 202,713 shares, a growth of 404.0% from the December 15th total of 40,221 shares. Based on an average daily trading volume, of 446,060 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 446,060 shares, the short-interest ratio is currently 0.5 days.

BlackRock MuniHoldings California Quality Fund Stock Down 0.1%

Shares of NYSE:MUC opened at $10.85 on Thursday. BlackRock MuniHoldings California Quality Fund has a fifty-two week low of $9.97 and a fifty-two week high of $11.20. The firm has a 50-day simple moving average of $10.70 and a 200 day simple moving average of $10.56.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.0535 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 5.9%.

Institutional Trading of BlackRock MuniHoldings California Quality Fund

Hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new position in BlackRock MuniHoldings California Quality Fund during the 3rd quarter worth $5,477,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of BlackRock MuniHoldings California Quality Fund by 1,431.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 342,357 shares of the company’s stock valued at $3,715,000 after acquiring an additional 320,000 shares during the period. Guggenheim Capital LLC boosted its holdings in shares of BlackRock MuniHoldings California Quality Fund by 12.1% during the second quarter. Guggenheim Capital LLC now owns 1,832,307 shares of the company’s stock valued at $18,964,000 after acquiring an additional 197,341 shares during the period. Bank of America Corp DE grew its position in shares of BlackRock MuniHoldings California Quality Fund by 9.2% during the third quarter. Bank of America Corp DE now owns 1,774,050 shares of the company’s stock worth $19,248,000 after acquiring an additional 148,959 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of BlackRock MuniHoldings California Quality Fund by 18.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 889,974 shares of the company’s stock worth $9,656,000 after acquiring an additional 137,126 shares during the period. Institutional investors own 30.99% of the company’s stock.

BlackRock MuniHoldings California Quality Fund Company Profile

BlackRock MuniHoldings California Quality Fund (NYSE: MUC) is a closed-end management investment company that seeks to provide high-quality, federally and California tax-exempt income. The fund primarily invests in investment-grade municipal obligations issued by or on behalf of entities located in California, including general obligation bonds and revenue bonds that finance public projects such as schools, transportation infrastructure and utilities.

The fund’s portfolio construction emphasizes credit quality and geographic concentration, targeting bonds rated at or above investment grade by nationally recognized statistical rating organizations.