BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) Sees Large Growth in Short Interest

BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 105,526 shares, a growth of 662.2% from the December 31st total of 13,845 shares. Based on an average trading volume of 113,987 shares, the days-to-cover ratio is presently 0.9 days. Based on an average trading volume of 113,987 shares, the days-to-cover ratio is presently 0.9 days.

BlackRock MuniHoldings Fund Price Performance

BlackRock MuniHoldings Fund stock traded up $0.05 during trading hours on Wednesday, reaching $11.90. The company had a trading volume of 112,989 shares, compared to its average volume of 123,977. BlackRock MuniHoldings Fund has a 12-month low of $10.79 and a 12-month high of $12.34. The company has a 50-day moving average price of $11.73 and a 200 day moving average price of $11.56.

BlackRock MuniHoldings Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be issued a dividend of $0.0595 per share. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Friday, March 13th.

Institutional Investors Weigh In On BlackRock MuniHoldings Fund

A number of large investors have recently added to or reduced their stakes in the company. Atala Financial Inc raised its stake in shares of BlackRock MuniHoldings Fund by 62.9% during the fourth quarter. Atala Financial Inc now owns 60,108 shares of the company’s stock valued at $706,000 after acquiring an additional 23,200 shares during the last quarter. Choreo LLC grew its stake in shares of BlackRock MuniHoldings Fund by 34.6% in the fourth quarter. Choreo LLC now owns 15,425 shares of the company’s stock worth $182,000 after purchasing an additional 3,962 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in BlackRock MuniHoldings Fund by 813.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 509,105 shares of the company’s stock valued at $5,977,000 after purchasing an additional 453,353 shares during the period. Dakota Wealth Management raised its position in BlackRock MuniHoldings Fund by 10.8% during the 4th quarter. Dakota Wealth Management now owns 163,900 shares of the company’s stock valued at $1,924,000 after purchasing an additional 16,000 shares during the last quarter. Finally, Noble Wealth Management PBC raised its position in BlackRock MuniHoldings Fund by 4.7% during the 4th quarter. Noble Wealth Management PBC now owns 19,136 shares of the company’s stock valued at $225,000 after purchasing an additional 866 shares during the last quarter.

BlackRock MuniHoldings Fund Company Profile

BlackRock MuniHoldings Fund (NYSE:MHD) is a closed-end management investment company focused on delivering tax-exempt income through a diversified portfolio of municipal securities. The fund’s primary objective is to seek current income exempt from federal income tax, making it a potential option for investors looking to enhance after-tax yield in a fixed-income allocation.

The fund invests predominantly in investment-grade municipal bonds issued by state and local governments, authorities and agencies across the United States.