BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) Short Interest Up 39.2% in March

BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 89,186 shares, an increase of 39.2% from the February 26th total of 64,069 shares. Based on an average daily trading volume, of 392,596 shares, the days-to-cover ratio is presently 0.2 days.

BlackRock MuniHoldings Fund Stock Performance

Shares of MHD opened at $11.18 on Tuesday. The stock’s 50-day moving average price is $11.75 and its 200 day moving average price is $11.74. BlackRock MuniHoldings Fund has a 12-month low of $10.79 and a 12-month high of $12.05.

BlackRock MuniHoldings Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a dividend of $0.0595 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MHD. Sit Investment Associates Inc. boosted its stake in BlackRock MuniHoldings Fund by 10.2% during the fourth quarter. Sit Investment Associates Inc. now owns 331,967 shares of the company’s stock worth $3,897,000 after buying an additional 30,668 shares in the last quarter. Invesco Ltd. raised its stake in shares of BlackRock MuniHoldings Fund by 3.8% in the 4th quarter. Invesco Ltd. now owns 217,664 shares of the company’s stock valued at $2,555,000 after buying an additional 7,915 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of BlackRock MuniHoldings Fund by 17.1% during the 4th quarter. NewEdge Advisors LLC now owns 68,984 shares of the company’s stock worth $810,000 after acquiring an additional 10,077 shares during the period. Rivernorth Capital Management LLC lifted its holdings in shares of BlackRock MuniHoldings Fund by 0.7% during the 4th quarter. Rivernorth Capital Management LLC now owns 4,172,151 shares of the company’s stock worth $48,981,000 after acquiring an additional 29,950 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of BlackRock MuniHoldings Fund during the 4th quarter valued at about $173,000.

About BlackRock MuniHoldings Fund

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.