BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) Stock Short Interest Declines 39.2%

BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 153,351 shares, a drop of 39.2% from the September 15th total of 252,361 shares. Based on an average daily trading volume, of 1,043,431 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On BlackRock MuniHoldings Fund

Several hedge funds and other institutional investors have recently made changes to their positions in MHD. Rivernorth Capital Management LLC boosted its stake in BlackRock MuniHoldings Fund by 199.7% in the first quarter. Rivernorth Capital Management LLC now owns 12,505,825 shares of the company’s stock valued at $141,066,000 after acquiring an additional 8,333,674 shares in the last quarter. Bank of America Corp DE purchased a new stake in BlackRock MuniHoldings Fund in the 2nd quarter valued at $21,537,000. Van ECK Associates Corp boosted its stake in BlackRock MuniHoldings Fund by 6.7% during the 2nd quarter. Van ECK Associates Corp now owns 1,384,845 shares of the company’s stock worth $16,480,000 after purchasing an additional 86,761 shares during the period. Allspring Global Investments Holdings LLC increased its stake in BlackRock MuniHoldings Fund by 116.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,102,849 shares of the company’s stock valued at $12,440,000 after purchasing an additional 593,744 shares during the period. Finally, Rareview Capital LLC raised its holdings in shares of BlackRock MuniHoldings Fund by 52.1% in the first quarter. Rareview Capital LLC now owns 606,318 shares of the company’s stock valued at $6,791,000 after buying an additional 207,695 shares during the last quarter.

BlackRock MuniHoldings Fund Stock Up 1.5%

NYSE:MHD traded up $0.15 during trading hours on Friday, reaching $10.49. 2,432,910 shares of the stock were exchanged, compared to its average volume of 460,948. BlackRock MuniHoldings Fund has a twelve month low of $9.98 and a twelve month high of $12.08. The business has a 50-day moving average of $10.95 and a two-hundred day moving average of $11.42.

BlackRock MuniHoldings Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be issued a dividend of $0.0595 per share. This represents a $0.71 annualized dividend and a yield of 6.8%. The ex-dividend date is Friday, December 11th.

BlackRock MuniHoldings Fund Company Profile

BlackRock MuniHoldings Fund, Inc is a closed-end investment fund listed on the New York Stock Exchange under the ticker MHD. The fund is managed by BlackRock Advisors, LLC, an affiliate of BlackRock, Inc, and is designed to provide investors with access to a professionally managed portfolio of municipal securities.

The fund invests primarily in long-term municipal obligations issued by state and local governments, their agencies, and other public entities in the United States. Its investment strategy focuses on generating current income that is generally exempt from regular U.S.