BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Short Interest Down 77.0% in November

by · The Cerbat Gem

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC – Get Free Report) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 17,200 shares, a decline of 77.0% from the October 31st total of 74,700 shares. Based on an average daily volume of 235,300 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On BlackRock MuniHoldings California Quality Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fortitude Family Office LLC acquired a new position in BlackRock MuniHoldings California Quality Fund during the third quarter worth about $48,000. Blue Bell Private Wealth Management LLC lifted its stake in BlackRock MuniHoldings California Quality Fund by 242.9% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 4,800 shares of the company’s stock valued at $53,000 after purchasing an additional 3,400 shares during the last quarter. Wolverine Asset Management LLC lifted its stake in BlackRock MuniHoldings California Quality Fund by 57.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 6,390 shares of the company’s stock valued at $71,000 after purchasing an additional 2,330 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in BlackRock MuniHoldings California Quality Fund in the third quarter valued at approximately $118,000. Finally, Virtu Financial LLC bought a new stake in shares of BlackRock MuniHoldings California Quality Fund during the first quarter worth $119,000. 30.99% of the stock is currently owned by institutional investors.

BlackRock MuniHoldings California Quality Fund Price Performance

Shares of NYSE:MUC traded up $0.16 during midday trading on Wednesday, hitting $11.26. The stock had a trading volume of 331,501 shares, compared to its average volume of 244,257. The company’s 50-day moving average price is $11.29 and its 200-day moving average price is $11.18. BlackRock MuniHoldings California Quality Fund has a fifty-two week low of $10.43 and a fifty-two week high of $11.64.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.0535 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.64 annualized dividend and a yield of 5.70%.

BlackRock MuniHoldings California Quality Fund Company Profile

(Get Free Report)

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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