Short Interest in BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) Decreases By 37.1%

BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 122,143 shares, a drop of 37.1% from the April 15th total of 194,095 shares. Based on an average daily volume of 276,999 shares, the days-to-cover ratio is currently 0.4 days.

BlackRock MuniHoldings Fund Price Performance

Shares of MHD opened at $11.28 on Wednesday. The business’s 50 day moving average is $11.63 and its 200 day moving average is $11.72. BlackRock MuniHoldings Fund has a 12-month low of $10.92 and a 12-month high of $12.05.

BlackRock MuniHoldings Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be paid a $0.0595 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 6.3%.

Institutional Trading of BlackRock MuniHoldings Fund

A number of large investors have recently added to or reduced their stakes in MHD. Hollencrest Capital Management bought a new stake in BlackRock MuniHoldings Fund in the 1st quarter worth approximately $26,000. Fifth Third Bancorp bought a new stake in BlackRock MuniHoldings Fund in the 3rd quarter worth approximately $30,000. Pinnacle Bancorp Inc. bought a new stake in BlackRock MuniHoldings Fund in the 1st quarter worth approximately $38,000. Geneos Wealth Management Inc. increased its stake in BlackRock MuniHoldings Fund by 389.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,657 shares of the company’s stock worth $55,000 after acquiring an additional 3,706 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new stake in BlackRock MuniHoldings Fund in the 4th quarter worth approximately $57,000.

BlackRock MuniHoldings Fund Company Profile

BlackRock MuniHoldings Fund (NYSE:MHD) is a closed-end management investment company focused on delivering tax-exempt income through a diversified portfolio of municipal securities. The fund’s primary objective is to seek current income exempt from federal income tax, making it a potential option for investors looking to enhance after-tax yield in a fixed-income allocation.

The fund invests predominantly in investment-grade municipal bonds issued by state and local governments, authorities and agencies across the United States.