BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Short Interest Up 154.9% in August

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 124,646 shares, a growth of 154.9% from the August 15th total of 48,896 shares. Based on an average daily trading volume, of 352,944 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are sold short.

BlackRock MuniHoldings California Quality Fund Price Performance

BlackRock MuniHoldings California Quality Fund stock opened at $10.34 on Friday. BlackRock MuniHoldings California Quality Fund has a 1 year low of $10.20 and a 1 year high of $11.16. The firm has a 50-day moving average of $10.69 and a two-hundred day moving average of $10.73.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be paid a dividend of $0.0535 per share. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, December 11th.

Institutional Investors Weigh In On BlackRock MuniHoldings California Quality Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Van Hulzen Asset Management LLC lifted its holdings in shares of BlackRock MuniHoldings California Quality Fund by 14.8% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 20,532 shares of the company’s stock worth $226,000 after buying an additional 2,650 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of BlackRock MuniHoldings California Quality Fund by 30.0% during the second quarter. Integrated Wealth Concepts LLC now owns 43,430 shares of the company’s stock valued at $477,000 after buying an additional 10,018 shares during the period. Readystate Asset Management LP purchased a new position in shares of BlackRock MuniHoldings California Quality Fund during the second quarter valued at $240,000. Susquehanna International Group LLP raised its holdings in shares of BlackRock MuniHoldings California Quality Fund by 48.1% in the second quarter. Susquehanna International Group LLP now owns 22,160 shares of the company’s stock valued at $244,000 after acquiring an additional 7,201 shares in the last quarter. Finally, Wedbush Securities Inc. raised its holdings in shares of BlackRock MuniHoldings California Quality Fund by 5.2% in the second quarter. Wedbush Securities Inc. now owns 126,730 shares of the company’s stock valued at $1,393,000 after acquiring an additional 6,298 shares in the last quarter. 30.99% of the stock is owned by institutional investors.

About BlackRock MuniHoldings California Quality Fund

BlackRock MuniHoldings California Quality Fund, Inc is a closed-end management investment company listed on the New York Stock Exchange under the symbol MUC. The fund seeks to provide current income that is exempt from regular federal income tax and California state income tax by investing primarily in a portfolio of municipal obligations issued by or on behalf of California municipalities and other qualifying public entities.

The fund’s investments may include bonds and other fixed-income securities that finance public infrastructure and services, such as schools, transportation systems, utilities, hospitals and other governmental or community projects.