BlackRock MuniHoldings Fund, Inc. (NYSE:MHD – Get Free Report) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 153,351 shares, a decline of 39.2% from the September 15th total of 252,361 shares. Based on an average daily trading volume, of 1,043,431 shares, the short-interest ratio is currently 0.1 days.
BlackRock MuniHoldings Fund Price Performance
Shares of NYSE:MHD traded up $0.15 during trading on Friday, hitting $10.49. The company had a trading volume of 2,432,910 shares, compared to its average volume of 460,948. The company has a fifty day simple moving average of $10.95 and a two-hundred day simple moving average of $11.42. BlackRock MuniHoldings Fund has a one year low of $9.98 and a one year high of $12.08.
BlackRock MuniHoldings Fund Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be paid a dividend of $0.0595 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 6.8%.
Hedge Funds Weigh In On BlackRock MuniHoldings Fund
Several hedge funds have recently bought and sold shares of the business. Riverbridge Partners LLC increased its stake in shares of BlackRock MuniHoldings Fund by 100.2% during the first quarter. Riverbridge Partners LLC now owns 115,874 shares of the company’s stock valued at $1,307,000 after buying an additional 57,999 shares during the period. Citadel Advisors LLC bought a new position in shares of BlackRock MuniHoldings Fund during the second quarter valued at approximately $836,000. NewEdge Advisors LLC increased its holdings in BlackRock MuniHoldings Fund by 160.9% during the first quarter. NewEdge Advisors LLC now owns 179,952 shares of the company’s stock valued at $2,030,000 after buying an additional 110,968 shares during the period. Fifth Third Bancorp purchased a new stake in BlackRock MuniHoldings Fund during the first quarter worth $749,000. Finally, Kestra Advisory Services LLC increased its holdings in shares of BlackRock MuniHoldings Fund by 857.0% in the 1st quarter. Kestra Advisory Services LLC now owns 51,093 shares of the company’s stock valued at $576,000 after acquiring an additional 45,754 shares during the period.
About BlackRock MuniHoldings Fund
BlackRock MuniHoldings Fund, Inc is a closed-end investment fund listed on the New York Stock Exchange under the ticker MHD. The fund is managed by BlackRock Advisors, LLC, an affiliate of BlackRock, Inc, and is designed to provide investors with access to a professionally managed portfolio of municipal securities.
The fund invests primarily in long-term municipal obligations issued by state and local governments, their agencies, and other public entities in the United States. Its investment strategy focuses on generating current income that is generally exempt from regular U.S.
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