Short Interest in BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) Increases By 151.8%

BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totalling 137,500 shares, an increase of 151.8% from the August 31st total of 54,600 shares. Based on an average trading volume of 96,800 shares, the days-to-cover ratio is presently 1.4 days.

BlackRock MuniHoldings Fund Stock Performance

Shares of MHD stock traded down $0.04 during trading hours on Friday, hitting $12.68. 79,160 shares of the company were exchanged, compared to its average volume of 102,485. BlackRock MuniHoldings Fund has a one year low of $9.92 and a one year high of $12.96. The business’s 50-day simple moving average is $12.38 and its two-hundred day simple moving average is $12.03.

BlackRock MuniHoldings Fund Increases Dividend

The firm also recently announced 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 represents a $0.71 dividend on an annualized basis and a dividend yield of 5.63%. This is a boost from BlackRock MuniHoldings Fund’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Investors Weigh In On BlackRock MuniHoldings Fund

A number of institutional investors have recently modified their holdings of MHD. Wolverine Asset Management LLC bought a new position in BlackRock MuniHoldings Fund during the 2nd quarter worth $91,000. Ashton Thomas Private Wealth LLC bought a new position in shares of BlackRock MuniHoldings Fund during the second quarter worth about $103,000. Insigneo Advisory Services LLC acquired a new stake in shares of BlackRock MuniHoldings Fund in the 2nd quarter worth about $121,000. Concourse Financial Group Securities Inc. lifted its position in BlackRock MuniHoldings Fund by 24.6% in the 1st quarter. Concourse Financial Group Securities Inc. now owns 10,962 shares of the company’s stock valued at $133,000 after purchasing an additional 2,165 shares during the last quarter. Finally, Essex Financial Services Inc. acquired a new position in BlackRock MuniHoldings Fund during the 2nd quarter valued at about $140,000.

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.