BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Short Interest Up 158.6% in May

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 245,959 shares, an increase of 158.6% from the April 30th total of 95,106 shares. Based on an average trading volume of 117,712 shares, the days-to-cover ratio is presently 2.1 days. Approximately 0.5% of the company’s shares are sold short.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

MUJ traded up $0.01 during trading hours on Friday, reaching $12.24. 81,210 shares of the company’s stock traded hands, compared to its average volume of 109,927. The firm has a 50-day moving average price of $12.00 and a 200 day moving average price of $12.09. BlackRock MuniHoldings New Jersey Quality Fund has a 52-week low of $10.66 and a 52-week high of $12.68.

Hedge Funds Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

A number of large investors have recently bought and sold shares of MUJ. Fiera Capital Corp boosted its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 51.8% during the 4th quarter. Fiera Capital Corp now owns 394,623 shares of the financial services provider’s stock valued at $4,696,000 after acquiring an additional 134,600 shares during the period. Guggenheim Capital LLC boosted its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 18.4% during the 4th quarter. Guggenheim Capital LLC now owns 552,534 shares of the financial services provider’s stock valued at $6,575,000 after acquiring an additional 85,935 shares during the period. Breakwater Capital Group boosted its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 35.4% during the 3rd quarter. Breakwater Capital Group now owns 194,398 shares of the financial services provider’s stock valued at $2,253,000 after acquiring an additional 50,797 shares during the period. LPL Financial LLC boosted its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 19.5% during the 4th quarter. LPL Financial LLC now owns 229,167 shares of the financial services provider’s stock valued at $2,727,000 after acquiring an additional 37,445 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 59.5% during the 4th quarter. Cetera Investment Advisers now owns 97,864 shares of the financial services provider’s stock valued at $1,165,000 after acquiring an additional 36,513 shares during the period. Hedge funds and other institutional investors own 15.13% of the company’s stock.

About BlackRock MuniHoldings New Jersey Quality Fund

BlackRock MuniHoldings New Jersey Quality Fund (NYSE: MUJ) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and New Jersey state income taxes. The fund primarily invests in investment-grade municipal securities issued by or on behalf of the State of New Jersey and its municipalities, authorities, and instrumentalities. By concentrating on high-quality New Jersey public finance obligations, MUJ aims to offer tax-efficient income for investors with exposure to the state’s credit profile.

The fund’s portfolio is actively managed by BlackRock’s municipal fixed income team, which conducts credit analysis and sector allocation to identify opportunities within New Jersey’s diverse municipal marketplace.