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

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 40,221 shares, a decline of 48.3% from the November 30th total of 77,855 shares. Based on an average daily volume of 399,722 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 399,722 shares, the short-interest ratio is presently 0.1 days.

BlackRock MuniHoldings California Quality Fund Price Performance

MUC traded down $0.02 during trading on Monday, hitting $10.55. 703,948 shares of the company traded hands, compared to its average volume of 258,048. BlackRock MuniHoldings California Quality Fund has a one year low of $9.97 and a one year high of $11.20. The stock’s fifty day moving average is $10.73 and its 200 day moving average is $10.52.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be paid a dividend of $0.0535 per share. The ex-dividend date is Monday, December 22nd. This represents a c) annualized dividend and a dividend yield of 6.1%.

Hedge Funds Weigh In On BlackRock MuniHoldings California Quality Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Baird Financial Group Inc. increased its position in BlackRock MuniHoldings California Quality Fund by 37.7% in the first quarter. Baird Financial Group Inc. now owns 38,079 shares of the company’s stock worth $408,000 after buying an additional 10,416 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in BlackRock MuniHoldings California Quality Fund by 13.0% in the 1st quarter. Advisors Asset Management Inc. now owns 649,202 shares of the company’s stock worth $6,953,000 after acquiring an additional 74,932 shares during the last quarter. Channel Wealth LLC raised its stake in BlackRock MuniHoldings California Quality Fund by 2.1% in the 2nd quarter. Channel Wealth LLC now owns 84,482 shares of the company’s stock valued at $874,000 after acquiring an additional 1,749 shares during the period. Melfa Wealth Management Inc. raised its stake in BlackRock MuniHoldings California Quality Fund by 10.2% in the 2nd quarter. Melfa Wealth Management Inc. now owns 105,202 shares of the company’s stock valued at $1,089,000 after acquiring an additional 9,750 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new stake in BlackRock MuniHoldings California Quality Fund during the second quarter valued at about $28,000. 30.99% of the stock is owned by institutional investors.

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.