Short Interest in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Drops By 49.8%

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 48,500 shares, a drop of 49.8% from the September 15th total of 96,600 shares. Based on an average daily volume of 98,200 shares, the days-to-cover ratio is currently 0.5 days.

BlackRock MuniHoldings New Jersey Quality Fund Stock Performance

MUJ traded up $0.02 on Friday, reaching $12.06. 55,734 shares of the company’s stock were exchanged, compared to its average volume of 94,829. The stock’s fifty day moving average price is $11.98 and its 200-day moving average price is $11.57. BlackRock MuniHoldings New Jersey Quality Fund has a twelve month low of $9.73 and a twelve month high of $12.24.

BlackRock MuniHoldings New Jersey Quality Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.054 per share. This is a positive change from BlackRock MuniHoldings New Jersey Quality Fund’s previous monthly dividend of $0.05. This represents a $0.65 annualized dividend and a yield of 5.37%. The ex-dividend date of this dividend is Tuesday, October 15th.

Hedge Funds Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wolverine Asset Management LLC acquired a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the second quarter worth about $141,000. Nomura Holdings Inc. bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter worth approximately $143,000. Janney Montgomery Scott LLC raised its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 81.2% during the first quarter. Janney Montgomery Scott LLC now owns 23,647 shares of the financial services provider’s stock worth $275,000 after purchasing an additional 10,594 shares during the period. Wealth Effects LLC boosted its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 22.6% in the 2nd quarter. Wealth Effects LLC now owns 24,294 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 4,474 shares during the period. Finally, B. Riley Wealth Advisors Inc. raised its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 6.2% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 37,472 shares of the financial services provider’s stock worth $429,000 after buying an additional 2,197 shares during the period. Hedge funds and other institutional investors own 15.13% of the company’s stock.

BlackRock MuniHoldings New Jersey Quality Fund Company Profile

BlackRock MuniHoldings New Jersey Quality Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of United States. The fund invests primarily in long-term, investment grade municipal obligations exempt from federal income taxes and New Jersey personal income taxes.