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

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 48,896 shares, a growth of 55.3% from the July 30th total of 31,487 shares. Based on an average trading volume of 399,757 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

BlackRock MuniHoldings California Quality Fund Trading Down 0.0%

Shares of NYSE MUC traded down $0.01 during trading hours on Wednesday, hitting $10.49. The stock had a trading volume of 110,015 shares, compared to its average volume of 300,254. The firm’s 50-day moving average price is $10.78 and its two-hundred day moving average price is $10.76. BlackRock MuniHoldings California Quality Fund has a 52 week low of $10.20 and a 52 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 issued a dividend of $0.0535 per share. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Tuesday, September 15th.

Hedge Funds Weigh In On BlackRock MuniHoldings California Quality Fund

Institutional investors have recently made changes to their positions in the business. WFA of San Diego LLC acquired a new stake in BlackRock MuniHoldings California Quality Fund during the second quarter worth $26,000. Elyxium Wealth LLC acquired a new position in shares of BlackRock MuniHoldings California Quality Fund in the 4th quarter worth approximately $69,000. Nomura Holdings Inc. bought a new stake in BlackRock MuniHoldings California Quality Fund during the 2nd quarter worth approximately $104,000. Pasadena Private Wealth LLC acquired a new stake in BlackRock MuniHoldings California Quality Fund during the 4th quarter valued at $106,000. Finally, EP Wealth Advisors LLC acquired a new stake in BlackRock MuniHoldings California Quality Fund during the 4th quarter valued at $126,000. 30.99% of the stock is currently owned by institutional investors.

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.