BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Sees Significant Decline in Short Interest

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) was the target of a significant drop in short interest in February. As of February 27th, there was short interest totaling 87,768 shares, a drop of 16.1% from the February 12th total of 104,553 shares. Based on an average daily trading volume, of 219,379 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 219,379 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MUC. WFA of San Diego LLC acquired a new stake in BlackRock MuniHoldings California Quality Fund during the 2nd quarter valued at $26,000. Elyxium Wealth LLC acquired a new position in BlackRock MuniHoldings California Quality Fund in the 4th quarter worth $69,000. Nomura Holdings Inc. purchased a new position in BlackRock MuniHoldings California Quality Fund in the 2nd quarter valued at about $104,000. Pasadena Private Wealth LLC acquired a new stake in shares of BlackRock MuniHoldings California Quality Fund during the fourth quarter valued at about $106,000. Finally, Sanders Morris Harris LLC acquired a new stake in shares of BlackRock MuniHoldings California Quality Fund during the third quarter valued at about $108,000. 30.99% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniHoldings California Quality Fund Stock Performance

BlackRock MuniHoldings California Quality Fund stock traded up $0.04 during midday trading on Monday, hitting $10.75. 65,319 shares of the company were exchanged, compared to its average volume of 268,410. The company’s fifty day moving average price is $10.86 and its 200-day moving average price is $10.76. BlackRock MuniHoldings California Quality Fund has a fifty-two week low of $9.97 and a fifty-two week high of $11.04.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a dividend of $0.0535 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%.

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.