BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Sees Significant Decline in Short Interest

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 1,900 shares, a decline of 96.9% from the December 31st total of 60,900 shares. Based on an average trading volume of 330,500 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MUC. Sanctuary Advisors LLC acquired a new stake in shares of BlackRock MuniHoldings California Quality Fund during the second quarter worth about $4,308,000. Rivernorth Capital Management LLC boosted its position in shares of BlackRock MuniHoldings California Quality Fund by 7.1% in the 3rd quarter. Rivernorth Capital Management LLC now owns 2,537,611 shares of the company’s stock worth $29,233,000 after buying an additional 167,785 shares in the last quarter. Dakota Wealth Management grew its stake in BlackRock MuniHoldings California Quality Fund by 43.5% in the 4th quarter. Dakota Wealth Management now owns 186,176 shares of the company’s stock worth $1,979,000 after acquiring an additional 56,400 shares during the period. Creative Planning boosted its holdings in shares of BlackRock MuniHoldings California Quality Fund by 201.5% during the second quarter. Creative Planning now owns 57,242 shares of the company’s stock worth $635,000 after purchasing an additional 38,254 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in BlackRock MuniHoldings California Quality Fund by 6.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 518,713 shares of the company’s stock worth $5,976,000 after buying an additional 30,594 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

Shares of MUC stock opened at $10.78 on Thursday. The firm’s 50 day moving average price is $10.88 and its 200-day moving average price is $11.14. BlackRock MuniHoldings California Quality Fund has a one year low of $10.52 and a one year high of $11.64.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be issued a $0.0535 dividend. This represents a $0.64 annualized dividend and a yield of 5.96%. The ex-dividend date of this dividend is Wednesday, January 15th.

About BlackRock MuniHoldings California Quality Fund

BlackRock MuniHoldings California Quality Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in a portfolio of long-term investment-grade municipal obligations, the interest on which is exempt from Federal and California income taxes.