Short Interest in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Declines By 44.4%

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 45,934 shares, a decrease of 44.4% from the May 14th total of 82,546 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 284,563 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On BlackRock MuniHoldings California Quality Fund

Several large investors have recently made changes to their positions in MUC. Rivernorth Capital Management LLC increased its stake in shares of BlackRock MuniHoldings California Quality Fund by 55.2% in the fourth quarter. Rivernorth Capital Management LLC now owns 2,308,887 shares of the company’s stock valued at $24,474,000 after purchasing an additional 821,347 shares during the period. Allspring Global Investments Holdings LLC lifted its position in BlackRock MuniHoldings California Quality Fund by 85.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,100,165 shares of the company’s stock worth $11,442,000 after acquiring an additional 507,112 shares during the last quarter. Advisors Asset Management Inc. lifted its position in BlackRock MuniHoldings California Quality Fund by 51.8% during the 4th quarter. Advisors Asset Management Inc. now owns 1,351,242 shares of the company’s stock worth $14,323,000 after acquiring an additional 461,268 shares during the last quarter. Fiera Capital Corp acquired a new position in BlackRock MuniHoldings California Quality Fund during the 4th quarter worth $4,665,000. Finally, Bank of America Corp DE lifted its position in BlackRock MuniHoldings California Quality Fund by 21.0% during the 1st quarter. Bank of America Corp DE now owns 2,268,949 shares of the company’s stock worth $23,597,000 after acquiring an additional 393,995 shares during the last quarter. Institutional investors and hedge funds own 30.99% of the company’s stock.

BlackRock MuniHoldings California Quality Fund Stock Performance

NYSE:MUC traded down $0.07 on Friday, reaching $10.74. The stock had a trading volume of 404,160 shares, compared to its average volume of 315,204. BlackRock MuniHoldings California Quality Fund has a 12-month low of $10.00 and a 12-month high of $11.04. The company has a 50-day moving average of $10.73 and a 200 day moving average of $10.74.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.0535 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 6.0%.

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.