BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Sees Significant Decline in Short Interest

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 179,582 shares, a decrease of 27.5% from the December 15th total of 247,641 shares. Based on an average daily volume of 138,735 shares, the short-interest ratio is presently 1.3 days. Based on an average daily volume of 138,735 shares, the short-interest ratio is presently 1.3 days.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

Shares of BlackRock MuniHoldings New Jersey Quality Fund stock traded up $0.04 on Monday, reaching $12.17. The company had a trading volume of 68,597 shares, compared to its average volume of 88,799. The firm’s 50-day moving average price is $11.97 and its two-hundred day moving average price is $11.50. BlackRock MuniHoldings New Jersey Quality Fund has a 1 year low of $10.50 and a 1 year high of $12.19.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a dividend of $0.054 per share. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 5.3%.

Institutional Investors Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 2.8% during the 1st quarter. Royal Bank of Canada now owns 51,595 shares of the financial services provider’s stock valued at $580,000 after purchasing an additional 1,400 shares during the last quarter. Wealth Effects LLC lifted its stake in BlackRock MuniHoldings New Jersey Quality Fund by 47.0% in the second quarter. Wealth Effects LLC now owns 31,294 shares of the financial services provider’s stock worth $343,000 after purchasing an additional 10,000 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the second quarter valued at approximately $113,000. Melfa Wealth Management Inc. grew its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 22.6% during the second quarter. Melfa Wealth Management Inc. now owns 53,477 shares of the financial services provider’s stock valued at $586,000 after buying an additional 9,858 shares during the last quarter. Finally, PFG Investments LLC grew its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 11.3% during the second quarter. PFG Investments LLC now owns 19,773 shares of the financial services provider’s stock valued at $217,000 after buying an additional 2,000 shares during the last quarter. Institutional investors own 15.13% of the company’s stock.

BlackRock MuniHoldings New Jersey Quality Fund Company Profile

BlackRock MuniHoldings New Jersey Quality Fund (NYSE: MUJ) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and New Jersey state income taxes. The fund primarily invests in investment-grade municipal securities issued by or on behalf of the State of New Jersey and its municipalities, authorities, and instrumentalities. By concentrating on high-quality New Jersey public finance obligations, MUJ aims to offer tax-efficient income for investors with exposure to the state’s credit profile.

The fund’s portfolio is actively managed by BlackRock’s municipal fixed income team, which conducts credit analysis and sector allocation to identify opportunities within New Jersey’s diverse municipal marketplace.