Short Interest in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Grows By 154.9%

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 124,646 shares, an increase of 154.9% from the August 15th total of 48,896 shares. Based on an average daily trading volume, of 352,944 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

BlackRock MuniHoldings California Quality Fund Price Performance

Shares of MUC stock traded down $0.04 during midday trading on Monday, reaching $10.28. 394,017 shares of the company traded hands, compared to its average volume of 314,723. The firm’s 50 day simple moving average is $10.69 and its two-hundred day simple moving average is $10.73. BlackRock MuniHoldings California Quality Fund has a 1-year low of $10.20 and a 1-year high of $11.16.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be paid a $0.0535 dividend. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Friday, December 11th.

Institutional Trading of BlackRock MuniHoldings California Quality Fund

A number of institutional investors have recently bought and sold shares of MUC. PNC Financial Services Group Inc. boosted its position in shares of BlackRock MuniHoldings California Quality Fund by 1.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 68,791 shares of the company’s stock worth $729,000 after buying an additional 997 shares in the last quarter. Trilogy Capital Inc. grew its stake in BlackRock MuniHoldings California Quality Fund by 0.8% in the 2nd quarter. Trilogy Capital Inc. now owns 168,900 shares of the company’s stock valued at $1,856,000 after acquiring an additional 1,301 shares during the last quarter. Van Hulzen Asset Management LLC increased its holdings in BlackRock MuniHoldings California Quality Fund by 14.0% during the 4th quarter. Van Hulzen Asset Management LLC now owns 17,382 shares of the company’s stock valued at $184,000 after acquiring an additional 2,130 shares in the last quarter. NWF Advisory Services Inc. increased its holdings in BlackRock MuniHoldings California Quality Fund by 22.5% during the 1st quarter. NWF Advisory Services Inc. now owns 22,002 shares of the company’s stock valued at $229,000 after acquiring an additional 4,044 shares in the last quarter. Finally, Decision Investments Inc. raised its position in BlackRock MuniHoldings California Quality Fund by 58.9% during the first quarter. Decision Investments Inc. now owns 16,529 shares of the company’s stock worth $172,000 after acquiring an additional 6,128 shares during the last quarter. 30.99% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniHoldings California Quality Fund Company Profile

BlackRock MuniHoldings California Quality Fund, Inc is a closed-end management investment company listed on the New York Stock Exchange under the symbol MUC. The fund seeks to provide current income that is exempt from regular federal income tax and California state income tax by investing primarily in a portfolio of municipal obligations issued by or on behalf of California municipalities and other qualifying public entities.

The fund’s investments may include bonds and other fixed-income securities that finance public infrastructure and services, such as schools, transportation systems, utilities, hospitals and other governmental or community projects.