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

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 262,097 shares, a growth of 110.3% from the August 31st total of 124,646 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 583,788 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of BlackRock MuniHoldings California Quality Fund

A number of institutional investors have recently modified their holdings of the company. Bank of America Corp DE grew its holdings in shares of BlackRock MuniHoldings California Quality Fund by 21.0% during the first quarter. Bank of America Corp DE now owns 2,268,949 shares of the company’s stock worth $23,597,000 after buying an additional 393,995 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of BlackRock MuniHoldings California Quality Fund by 85.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,100,165 shares of the company’s stock valued at $11,442,000 after purchasing an additional 507,112 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of BlackRock MuniHoldings California Quality Fund by 5.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 709,302 shares of the company’s stock worth $7,795,000 after purchasing an additional 35,327 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in BlackRock MuniHoldings California Quality Fund by 7.9% during the first quarter. Sanctuary Advisors LLC now owns 467,786 shares of the company’s stock worth $4,865,000 after purchasing an additional 34,327 shares during the last quarter. Finally, Fiera Capital Corp acquired a new position in BlackRock MuniHoldings California Quality Fund during the fourth quarter worth $4,665,000. 30.99% of the stock is currently owned by institutional investors.

BlackRock MuniHoldings California Quality Fund Stock Down 0.3%

Shares of MUC stock traded down $0.03 during trading hours on Tuesday, hitting $9.64. 971,881 shares of the company were exchanged, compared to its average volume of 619,074. BlackRock MuniHoldings California Quality Fund has a 52 week low of $9.56 and a 52 week high of $11.16. The business has a 50 day moving average of $10.47 and a two-hundred day moving average of $10.66.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be issued a dividend of $0.0535 per share. This represents a $0.64 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date is Friday, December 11th.

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.