BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Short Interest Update

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 31,487 shares, a decline of 81.1% from the July 15th total of 166,176 shares. Based on an average daily volume of 353,935 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On BlackRock MuniHoldings California Quality Fund

Institutional investors have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. grew its stake in shares of BlackRock MuniHoldings California Quality Fund by 5.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 709,302 shares of the company’s stock valued at $7,795,000 after buying an additional 35,327 shares in the last quarter. Avior Wealth Management LLC lifted its stake in BlackRock MuniHoldings California Quality Fund by 84.9% in the second quarter. Avior Wealth Management LLC now owns 18,668 shares of the company’s stock valued at $205,000 after acquiring an additional 8,574 shares during the last quarter. Trilogy Capital Inc. lifted its stake in BlackRock MuniHoldings California Quality Fund by 0.8% in the second quarter. Trilogy Capital Inc. now owns 168,900 shares of the company’s stock valued at $1,856,000 after acquiring an additional 1,301 shares during the last quarter. Western Wealth Management LLC bought a new stake in BlackRock MuniHoldings California Quality Fund in the first quarter worth approximately $633,000. Finally, Bank of America Corp DE grew its position in BlackRock MuniHoldings California Quality Fund by 21.0% in the first 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 in the last quarter. 30.99% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniHoldings California Quality Fund Stock Performance

MUC traded up $0.09 on Thursday, reaching $10.87. 473,424 shares of the company traded hands, compared to its average volume of 364,340. The stock’s 50 day moving average price is $10.83 and its 200-day moving average price is $10.78. BlackRock MuniHoldings California Quality Fund has a 52-week low of $10.08 and a 52-week high of $11.16.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.0535 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%.

About BlackRock MuniHoldings California Quality Fund

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.