BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Short Interest Up 310.9% in January

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 736,471 shares, a growth of 310.9% from the January 15th total of 179,213 shares. Based on an average trading volume of 299,732 shares, the days-to-cover ratio is presently 2.5 days. Based on an average trading volume of 299,732 shares, the days-to-cover ratio is presently 2.5 days.

BlackRock MuniHoldings California Quality Fund Stock Down 0.5%

Shares of NYSE:MUC traded down $0.05 during midday trading on Wednesday, hitting $10.79. The company had a trading volume of 297,044 shares, compared to its average volume of 279,866. BlackRock MuniHoldings California Quality Fund has a 12 month low of $9.97 and a 12 month high of $11.20. The firm has a fifty day simple moving average of $10.76 and a 200 day simple moving average of $10.65.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a dividend of $0.0535 per share. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Friday, March 13th.

Institutional Investors Weigh In On BlackRock MuniHoldings California Quality Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new stake in shares of BlackRock MuniHoldings California Quality Fund in the third quarter worth $5,477,000. Envestnet Asset Management Inc. grew its position in BlackRock MuniHoldings California Quality Fund by 57.1% in the second quarter. Envestnet Asset Management Inc. now owns 49,899 shares of the company’s stock valued at $516,000 after purchasing an additional 18,135 shares in the last quarter. Arlington Financial Advisors LLC acquired a new stake in BlackRock MuniHoldings California Quality Fund in the 3rd quarter valued at $597,000. WESCAP Management Group Inc. increased its stake in BlackRock MuniHoldings California Quality Fund by 63.0% in the 2nd quarter. WESCAP Management Group Inc. now owns 80,576 shares of the company’s stock valued at $834,000 after buying an additional 31,156 shares during the last quarter. Finally, Cypress Wealth Services LLC bought a new stake in BlackRock MuniHoldings California Quality Fund during the 3rd quarter worth about $562,000. 30.99% of the stock is currently owned by institutional investors and hedge funds.

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.