BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Short Interest Down 52.5% in January

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 85,379 shares, a decline of 52.5% from the December 31st total of 179,582 shares. Based on an average trading volume of 74,774 shares, the short-interest ratio is presently 1.1 days. Based on an average trading volume of 74,774 shares, the short-interest ratio is presently 1.1 days.

Institutional Trading of BlackRock MuniHoldings New Jersey Quality Fund

Several hedge funds have recently made changes to their positions in the business. Royal Bank of Canada grew its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 2.8% in the 1st quarter. Royal Bank of Canada now owns 51,595 shares of the financial services provider’s stock valued at $580,000 after buying an additional 1,400 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the second quarter valued at $113,000. PFG Investments LLC boosted its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 11.3% during the second quarter. PFG Investments LLC now owns 19,773 shares of the financial services provider’s stock worth $217,000 after purchasing an additional 2,000 shares during the last quarter. Traphagen Investment Advisors LLC boosted its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 35.8% in the 2nd quarter. Traphagen Investment Advisors LLC now owns 16,754 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 4,415 shares during the last quarter. Finally, Atlas Private Wealth Advisors raised its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 81.7% in the second quarter. Atlas Private Wealth Advisors now owns 76,571 shares of the financial services provider’s stock valued at $838,000 after buying an additional 34,439 shares during the period. Institutional investors and hedge funds own 15.13% of the company’s stock.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

Shares of MUJ stock traded up $0.07 during mid-day trading on Friday, hitting $12.27. The stock had a trading volume of 128,455 shares, compared to its average volume of 94,150. The firm’s 50-day moving average is $12.04 and its two-hundred day moving average is $11.57. BlackRock MuniHoldings New Jersey Quality Fund has a 12-month low of $10.50 and a 12-month high of $12.28.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a $0.054 dividend. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 5.3%.

BlackRock MuniHoldings New Jersey Quality Fund Company Profile

BlackRock MuniHoldings New Jersey Quality Fund (NYSE: MUJ) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and New Jersey state income taxes. The fund primarily invests in investment-grade municipal securities issued by or on behalf of the State of New Jersey and its municipalities, authorities, and instrumentalities. By concentrating on high-quality New Jersey public finance obligations, MUJ aims to offer tax-efficient income for investors with exposure to the state’s credit profile.

The fund’s portfolio is actively managed by BlackRock’s municipal fixed income team, which conducts credit analysis and sector allocation to identify opportunities within New Jersey’s diverse municipal marketplace.