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

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 31,487 shares, a decline of 81.1% from the July 15th total of 166,176 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 353,935 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On BlackRock MuniHoldings California Quality Fund

Several large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of BlackRock MuniHoldings California Quality Fund by 85.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,100,165 shares of the company’s stock valued at $11,442,000 after purchasing an additional 507,112 shares in the last quarter. Rareview Capital LLC increased its stake in shares of BlackRock MuniHoldings California Quality Fund by 628.0% in the first quarter. Rareview Capital LLC now owns 183,505 shares of the company’s stock valued at $1,899,000 after buying an additional 158,298 shares during the period. Trilogy Capital Inc. acquired a new position in shares of BlackRock MuniHoldings California Quality Fund in the first quarter valued at approximately $1,743,000. Hollencrest Capital Management increased its stake in shares of BlackRock MuniHoldings California Quality Fund by 35.8% in the first quarter. Hollencrest Capital Management now owns 307,635 shares of the company’s stock valued at $3,199,000 after buying an additional 81,115 shares during the period. Finally, D.A. Davidson & CO. bought a new position in BlackRock MuniHoldings California Quality Fund in the 1st quarter valued at approximately $619,000. 30.99% of the stock is currently owned by institutional investors.

BlackRock MuniHoldings California Quality Fund Stock Performance

Shares of BlackRock MuniHoldings California Quality Fund stock opened at $10.79 on Wednesday. The company’s 50 day moving average price is $10.82 and its two-hundred day moving average price is $10.78. BlackRock MuniHoldings California Quality Fund has a fifty-two week low of $10.08 and a fifty-two week high of $11.16.

BlackRock MuniHoldings California Quality Fund Announces Dividend

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

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.