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

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 59,223 shares, a drop of 26.3% from the March 31st total of 80,379 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 279,772 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC purchased a new position in shares of BlackRock MuniHoldings California Quality Fund during the 3rd quarter worth $5,477,000. Hennion & Walsh Asset Management Inc. boosted its stake in shares of BlackRock MuniHoldings California Quality Fund by 22.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 400,600 shares of the company’s stock worth $4,246,000 after acquiring an additional 72,385 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of BlackRock MuniHoldings California Quality Fund by 18.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 889,974 shares of the company’s stock worth $9,656,000 after acquiring an additional 137,126 shares during the last quarter. Atala Financial Inc boosted its stake in shares of BlackRock MuniHoldings California Quality Fund by 5.4% during the 3rd quarter. Atala Financial Inc now owns 271,119 shares of the company’s stock worth $2,942,000 after acquiring an additional 13,810 shares during the last quarter. Finally, Octavia Wealth Advisors LLC purchased a new position in shares of BlackRock MuniHoldings California Quality Fund during the 3rd quarter worth $123,000. Hedge funds and other institutional investors own 30.99% of the company’s stock.

BlackRock MuniHoldings California Quality Fund Trading Down 0.3%

Shares of BlackRock MuniHoldings California Quality Fund stock traded down $0.03 on Wednesday, hitting $10.78. 129,623 shares of the company’s stock were exchanged, compared to its average volume of 265,726. The company has a 50-day simple moving average of $10.73 and a 200-day simple moving average of $10.75. BlackRock MuniHoldings California Quality Fund has a 1 year low of $10.00 and a 1 year high of $11.04.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The firm also recently declared 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. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Monday, June 15th.

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.