Short Interest in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Rises By 310.9%

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 736,471 shares, a growth of 310.9% from the January 15th total of 179,213 shares. Based on an average daily volume of 299,732 shares, the short-interest ratio is presently 2.5 days. Based on an average daily volume of 299,732 shares, the short-interest ratio is presently 2.5 days.

Institutional Trading of BlackRock MuniHoldings California Quality Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in BlackRock MuniHoldings California Quality Fund in the third quarter valued at $5,477,000. Fiera Capital Corp acquired a new position in shares of BlackRock MuniHoldings California Quality Fund during the 4th quarter worth about $4,665,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of BlackRock MuniHoldings California Quality Fund by 1,431.3% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 342,357 shares of the company’s stock worth $3,715,000 after purchasing an additional 320,000 shares during the last quarter. Guggenheim Capital LLC raised its holdings in shares of BlackRock MuniHoldings California Quality Fund by 12.1% in the 2nd quarter. Guggenheim Capital LLC now owns 1,832,307 shares of the company’s stock valued at $18,964,000 after purchasing an additional 197,341 shares during the period. Finally, Bank of America Corp DE lifted its stake in BlackRock MuniHoldings California Quality Fund by 9.2% in the 3rd quarter. Bank of America Corp DE now owns 1,774,050 shares of the company’s stock valued at $19,248,000 after purchasing an additional 148,959 shares during the last quarter. 30.99% of the stock is owned by institutional investors.

BlackRock MuniHoldings California Quality Fund Stock Down 0.5%

MUC stock traded down $0.05 during mid-day trading on Wednesday, reaching $10.79. The company had a trading volume of 297,044 shares, compared to its average volume of 279,866. BlackRock MuniHoldings California Quality Fund has a 52 week low of $9.97 and a 52 week high of $11.20. The stock has a 50 day simple moving average of $10.76 and a two-hundred day simple moving average of $10.65.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a $0.0535 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 5.9%.

BlackRock MuniHoldings California Quality Fund Company Profile

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.