Short Interest in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Drops By 67.8%

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 79,306 shares, a decrease of 67.8% from the May 14th total of 245,959 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 109,436 shares, the days-to-cover ratio is presently 0.7 days.

BlackRock MuniHoldings New Jersey Quality Fund Stock Performance

Shares of NYSE MUJ opened at $12.39 on Thursday. The firm’s 50-day moving average price is $12.08 and its 200-day moving average price is $12.12. BlackRock MuniHoldings New Jersey Quality Fund has a 12-month low of $10.66 and a 12-month high of $12.68.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.054 per share. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Tuesday, September 15th.

Institutional Trading of BlackRock MuniHoldings New Jersey Quality Fund

Several hedge funds have recently made changes to their positions in the business. UBS Group AG raised its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 0.4% during the 4th quarter. UBS Group AG now owns 259,311 shares of the financial services provider’s stock valued at $3,086,000 after buying an additional 1,036 shares in the last quarter. Royal Bank of Canada raised its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 2.8% during the 1st quarter. Royal Bank of Canada now owns 51,595 shares of the financial services provider’s stock valued at $580,000 after buying an additional 1,400 shares in the last quarter. Peapack Gladstone Financial Corp raised its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 8.3% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 32,859 shares of the financial services provider’s stock valued at $360,000 after buying an additional 2,522 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 6.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 53,272 shares of the financial services provider’s stock valued at $634,000 after buying an additional 3,267 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC purchased a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter valued at about $60,000. 15.13% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniHoldings New Jersey Quality Fund Company Profile

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.