Short Interest in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Declines By 44.4%

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 45,934 shares, a decline of 44.4% from the May 14th total of 82,546 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 284,563 shares, the short-interest ratio is currently 0.2 days.

BlackRock MuniHoldings California Quality Fund Stock Performance

NYSE MUC traded down $0.07 on Friday, hitting $10.74. 404,160 shares of the company’s stock were exchanged, compared to its average volume of 315,204. The firm’s 50-day moving average price is $10.73 and its two-hundred day moving average price is $10.74. BlackRock MuniHoldings California Quality Fund has a fifty-two week low of $10.00 and a fifty-two week high of $11.04.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.0535 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 6.0%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Rivernorth Capital Management LLC boosted its position in BlackRock MuniHoldings California Quality Fund by 55.2% in the 4th quarter. Rivernorth Capital Management LLC now owns 2,308,887 shares of the company’s stock valued at $24,474,000 after buying an additional 821,347 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in BlackRock MuniHoldings California Quality Fund by 85.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,100,165 shares of the company’s stock valued at $11,442,000 after buying an additional 507,112 shares during the last quarter. Advisors Asset Management Inc. boosted its position in BlackRock MuniHoldings California Quality Fund by 51.8% in the 4th quarter. Advisors Asset Management Inc. now owns 1,351,242 shares of the company’s stock valued at $14,323,000 after buying an additional 461,268 shares during the last quarter. Fiera Capital Corp purchased a new position in BlackRock MuniHoldings California Quality Fund in the 4th quarter valued at about $4,665,000. Finally, Bank of America Corp DE boosted its position in BlackRock MuniHoldings California Quality Fund by 21.0% in the 1st quarter. Bank of America Corp DE now owns 2,268,949 shares of the company’s stock valued at $23,597,000 after buying an additional 393,995 shares during the last quarter. 30.99% of the stock is currently owned by institutional investors and hedge funds.

About BlackRock MuniHoldings California Quality Fund

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.