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

BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 54,600 shares, a decrease of 35.2% from the August 15th total of 84,300 shares. Based on an average daily trading volume, of 94,300 shares, the short-interest ratio is presently 0.6 days.

BlackRock MuniHoldings Fund Price Performance

NYSE:MHD traded up $0.06 on Monday, reaching $12.87. 87,703 shares of the company’s stock traded hands, compared to its average volume of 103,728. The stock has a 50-day simple moving average of $12.25 and a 200-day simple moving average of $11.99. BlackRock MuniHoldings Fund has a 12 month low of $9.92 and a 12 month high of $12.96.

BlackRock MuniHoldings Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.0595 per share. This is a positive change from BlackRock MuniHoldings Fund’s previous monthly dividend of $0.05. This represents a $0.71 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date of this dividend is Tuesday, October 15th.

Hedge Funds Weigh In On BlackRock MuniHoldings Fund

Several hedge funds have recently modified their holdings of MHD. Nations Financial Group Inc. IA ADV boosted its stake in BlackRock MuniHoldings Fund by 2.0% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 54,127 shares of the company’s stock valued at $645,000 after buying an additional 1,086 shares during the last quarter. Concourse Financial Group Securities Inc. boosted its position in shares of BlackRock MuniHoldings Fund by 24.6% during the 1st quarter. Concourse Financial Group Securities Inc. now owns 10,962 shares of the company’s stock valued at $133,000 after acquiring an additional 2,165 shares during the last quarter. Integrated Capital Management Inc. grew its holdings in shares of BlackRock MuniHoldings Fund by 16.0% in the second quarter. Integrated Capital Management Inc. now owns 16,987 shares of the company’s stock valued at $205,000 after purchasing an additional 2,345 shares in the last quarter. Bank of New York Mellon Corp increased its position in BlackRock MuniHoldings Fund by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 118,794 shares of the company’s stock worth $1,436,000 after purchasing an additional 2,499 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in BlackRock MuniHoldings Fund by 14.5% during the first quarter. Oppenheimer & Co. Inc. now owns 31,556 shares of the company’s stock valued at $381,000 after purchasing an additional 4,000 shares in the last quarter.

BlackRock MuniHoldings Fund Company Profile

BlackRock MuniHoldings Fund, Inc is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds that are exempt from federal income taxes.