Short Interest in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Increases By 102.4%

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 171,414 shares, an increase of 102.4% from the July 30th total of 84,674 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 82,681 shares, the days-to-cover ratio is currently 2.1 days.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

Shares of NYSE MUJ traded down $0.06 on Friday, hitting $12.04. The company had a trading volume of 124,730 shares, compared to its average volume of 85,836. BlackRock MuniHoldings New Jersey Quality Fund has a 12-month low of $10.88 and a 12-month high of $12.68. The business has a 50 day moving average of $12.22 and a two-hundred day moving average of $12.19.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a $0.054 dividend. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Tuesday, September 15th.

Institutional Trading of BlackRock MuniHoldings New Jersey Quality Fund

Hedge funds have recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC purchased a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter valued at $60,000. Northwestern Mutual Wealth Management Co. acquired a new position in BlackRock MuniHoldings New Jersey Quality Fund in the 2nd quarter worth $62,000. Elyxium Wealth LLC purchased a new position in BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter valued at about $69,000. Nomura Holdings Inc. purchased a new position in BlackRock MuniHoldings New Jersey Quality Fund in the 2nd quarter valued at about $110,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the first quarter valued at about $124,000. Hedge funds and other institutional investors own 15.13% of the company’s stock.

About BlackRock MuniHoldings New Jersey Quality Fund

BlackRock MuniHoldings New Jersey Quality Fund (NYSE: MUJ) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and New Jersey state income taxes. The fund primarily invests in investment-grade municipal securities issued by or on behalf of the State of New Jersey and its municipalities, authorities, and instrumentalities. By concentrating on high-quality New Jersey public finance obligations, MUJ aims to offer tax-efficient income for investors with exposure to the state’s credit profile.

The fund’s portfolio is actively managed by BlackRock’s municipal fixed income team, which conducts credit analysis and sector allocation to identify opportunities within New Jersey’s diverse municipal marketplace.