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

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

Institutional Trading of BlackRock MuniHoldings California Quality Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cerity Partners LLC raised its position in shares of BlackRock MuniHoldings California Quality Fund by 6.5% during the second quarter. Cerity Partners LLC now owns 43,407 shares of the company’s stock worth $449,000 after acquiring an additional 2,646 shares during the last quarter. Jane Street Group LLC acquired a new position in BlackRock MuniHoldings California Quality Fund during the second quarter worth $661,000. Bank of America Corp DE raised its stake in shares of BlackRock MuniHoldings California Quality Fund by 6.6% during the 2nd quarter. Bank of America Corp DE now owns 1,625,091 shares of the company’s stock worth $16,820,000 after purchasing an additional 100,434 shares in the last quarter. WFA of San Diego LLC bought a new stake in shares of BlackRock MuniHoldings California Quality Fund in the 2nd quarter valued at about $26,000. Finally, Nomura Holdings Inc. acquired a new position in shares of BlackRock MuniHoldings California Quality Fund in the second quarter valued at $104,000. 30.99% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniHoldings California Quality Fund Stock Performance

MUC traded up $0.02 during midday trading on Tuesday, reaching $10.67. The company’s stock had a trading volume of 501,701 shares, compared to its average volume of 287,842. The company has a fifty day simple moving average of $10.83 and a 200 day simple moving average of $10.79. BlackRock MuniHoldings California Quality Fund has a twelve month low of $10.00 and a twelve month high of $11.16.

BlackRock MuniHoldings California Quality Fund Announces Dividend

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

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.