BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Short Interest Update

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 166,176 shares, an increase of 202.5% from the June 30th total of 54,940 shares. Based on an average daily volume of 339,612 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company’s shares are sold short.

BlackRock MuniHoldings California Quality Fund Stock Performance

NYSE:MUC traded down $0.05 during trading hours on Monday, reaching $10.62. 198,886 shares of the company were exchanged, compared to its average volume of 284,871. BlackRock MuniHoldings California Quality Fund has a 52-week low of $10.00 and a 52-week high of $11.16. The stock has a 50 day simple moving average of $10.82 and a 200 day simple moving average of $10.79.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.0535 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Tuesday, September 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MUC. WFA of San Diego LLC purchased a new stake in shares of BlackRock MuniHoldings California Quality Fund during the 2nd quarter worth about $26,000. Elyxium Wealth LLC purchased a new position in BlackRock MuniHoldings California Quality Fund in the fourth quarter valued at approximately $69,000. Nomura Holdings Inc. acquired a new position in BlackRock MuniHoldings California Quality Fund during the second quarter valued at approximately $104,000. Pasadena Private Wealth LLC acquired a new position in BlackRock MuniHoldings California Quality Fund during the fourth quarter valued at approximately $106,000. Finally, EP Wealth Advisors LLC purchased a new stake in BlackRock MuniHoldings California Quality Fund during the fourth quarter worth approximately $126,000. Institutional investors and hedge funds own 30.99% of the company’s stock.

About BlackRock MuniHoldings California Quality Fund

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.