Short Interest in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Expands By 24.0%

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 30,500 shares, an increase of 24.0% from the May 15th total of 24,600 shares. Based on an average daily volume of 88,700 shares, the days-to-cover ratio is presently 0.3 days.

BlackRock MuniHoldings New Jersey Quality Fund Stock Performance

Shares of NYSE:MUJ opened at $11.37 on Monday. The business has a 50 day moving average price of $11.24 and a 200 day moving average price of $11.38. BlackRock MuniHoldings New Jersey Quality Fund has a twelve month low of $9.73 and a twelve month high of $11.70.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.60 annualized dividend and a yield of 5.28%.

Institutional Trading of BlackRock MuniHoldings New Jersey Quality Fund

Hedge funds have recently modified their holdings of the company. Robinson Capital Management LLC lifted its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 17.7% during the 3rd quarter. Robinson Capital Management LLC now owns 85,480 shares of the financial services provider’s stock worth $863,000 after buying an additional 12,880 shares during the period. Saba Capital Management L.P. grew its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 123.2% during the third quarter. Saba Capital Management L.P. now owns 796,977 shares of the financial services provider’s stock worth $8,065,000 after purchasing an additional 439,949 shares during the period. AQR Arbitrage LLC grew its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 78.0% during the third quarter. AQR Arbitrage LLC now owns 312,797 shares of the financial services provider’s stock worth $3,166,000 after purchasing an additional 137,028 shares during the period. Raymond James & Associates grew its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 1.7% during the fourth quarter. Raymond James & Associates now owns 86,778 shares of the financial services provider’s stock worth $990,000 after purchasing an additional 1,414 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 13.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 278,019 shares of the financial services provider’s stock worth $3,172,000 after acquiring an additional 33,546 shares in the last quarter. Institutional investors own 15.13% of the company’s stock.

BlackRock MuniHoldings New Jersey Quality Fund Company Profile

BlackRock MuniHoldings New Jersey Quality Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of United States. The fund invests primarily in long-term, investment grade municipal obligations exempt from federal income taxes and New Jersey personal income taxes.