Short Interest in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Declines By 33.1%

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUCGet Free Report) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 57,200 shares, a decrease of 33.1% from the September 30th total of 85,500 shares. Based on an average daily trading volume, of 262,200 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 262,200 shares, the days-to-cover ratio is currently 0.2 days.

BlackRock MuniHoldings California Quality Fund Stock Down 0.5%

BlackRock MuniHoldings California Quality Fund stock traded down $0.05 during trading hours on Monday, reaching $10.82. 278,690 shares of the stock were exchanged, compared to its average volume of 277,879. BlackRock MuniHoldings California Quality Fund has a 52-week low of $9.97 and a 52-week high of $11.47. The firm’s 50 day moving average is $10.69 and its 200 day moving average is $10.44.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be given a dividend of $0.0535 per share. The ex-dividend date is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 5.9%.

Hedge Funds Weigh In On BlackRock MuniHoldings California Quality Fund

A number of large investors have recently bought and sold shares of the company. Octavia Wealth Advisors LLC purchased a new position in BlackRock MuniHoldings California Quality Fund during the 3rd quarter worth $123,000. Capital Investment Advisors LLC raised its position in BlackRock MuniHoldings California Quality Fund by 15.4% during the 3rd quarter. Capital Investment Advisors LLC now owns 18,738 shares of the company’s stock worth $203,000 after buying an additional 2,500 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in BlackRock MuniHoldings California Quality Fund by 20.7% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 328,215 shares of the company’s stock worth $3,561,000 after buying an additional 56,348 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in BlackRock MuniHoldings California Quality Fund during the 3rd quarter worth $5,477,000. Finally, Cypress Wealth Services LLC purchased a new position in BlackRock MuniHoldings California Quality Fund during the 3rd quarter worth $562,000. Hedge funds and other institutional investors own 30.99% of the company’s stock.

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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