Short Interest in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Declines By 71.7%

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totalling 18,700 shares, a decline of 71.7% from the November 30th total of 66,000 shares. Based on an average trading volume of 139,400 shares, the short-interest ratio is currently 0.1 days.

BlackRock MuniHoldings New Jersey Quality Fund Stock Down 0.3 %

NYSE:MUJ traded down $0.03 during midday trading on Thursday, hitting $11.07. The stock had a trading volume of 202,005 shares, compared to its average volume of 106,650. The stock has a 50-day moving average of $11.66 and a 200 day moving average of $11.72. BlackRock MuniHoldings New Jersey Quality Fund has a one year low of $10.98 and a one year high of $12.24.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.054 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.65 annualized dividend and a dividend yield of 5.85%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. J.W. Cole Advisors Inc. boosted its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 20.9% during the third quarter. J.W. Cole Advisors Inc. now owns 244,565 shares of the financial services provider’s stock valued at $2,967,000 after purchasing an additional 42,196 shares in the last quarter. Strategic Advisors LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the 3rd quarter valued at $2,182,000. International Assets Investment Management LLC purchased a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 3rd quarter valued at $13,530,000. TIAA Trust National Association bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 2nd quarter worth $439,000. Finally, B. Riley Wealth Advisors Inc. lifted its stake in shares of 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 purchasing an additional 2,197 shares during the last quarter. 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.