BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) Stock Short Interest Climbs 196.2%

BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 252,361 shares, an increase of 196.2% from the August 31st total of 85,190 shares. Based on an average daily trading volume, of 570,097 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On BlackRock MuniHoldings Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in shares of BlackRock MuniHoldings Fund by 53.0% during the second quarter. Envestnet Asset Management Inc. now owns 373,213 shares of the company’s stock worth $4,441,000 after acquiring an additional 129,204 shares in the last quarter. MCF Advisors LLC bought a new position in BlackRock MuniHoldings Fund during the 2nd quarter worth about $27,000. RFG Advisory LLC bought a new position in BlackRock MuniHoldings Fund during the 2nd quarter worth about $142,000. Baird Financial Group Inc. increased its holdings in BlackRock MuniHoldings Fund by 48.1% during the 2nd quarter. Baird Financial Group Inc. now owns 85,037 shares of the company’s stock worth $1,012,000 after purchasing an additional 27,619 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of BlackRock MuniHoldings Fund in the 2nd quarter valued at about $836,000.

BlackRock MuniHoldings Fund Stock Performance

Shares of BlackRock MuniHoldings Fund stock traded down $0.04 during midday trading on Friday, reaching $10.53. The company had a trading volume of 835,987 shares, compared to its average volume of 381,844. The stock has a fifty day simple moving average of $11.33 and a 200 day simple moving average of $11.56. BlackRock MuniHoldings Fund has a 1-year low of $10.50 and a 1-year high of $12.08.

BlackRock MuniHoldings Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be paid a dividend of $0.0595 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.71 annualized dividend and a yield of 6.8%.

BlackRock MuniHoldings Fund Company Profile

BlackRock MuniHoldings Fund, Inc is a closed-end investment fund listed on the New York Stock Exchange under the symbol MHD. The fund seeks to provide current income that is exempt from regular U.S. federal income tax by investing primarily in municipal obligations.

The fund’s portfolio may include bonds issued by states, municipalities, counties, public authorities and other governmental entities across the United States. These securities generally finance public infrastructure and services, such as education, transportation, utilities, health care facilities and other community projects.