BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Sees Large Decrease in Short Interest

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 1,900 shares, a drop of 96.9% from the December 31st total of 60,900 shares. Based on an average trading volume of 330,500 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of BlackRock MuniHoldings California Quality Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV purchased a new position in BlackRock MuniHoldings California Quality Fund during the 2nd quarter valued at about $271,000. Creative Planning increased its holdings in BlackRock MuniHoldings California Quality Fund by 201.5% during the 2nd quarter. Creative Planning now owns 57,242 shares of the company’s stock valued at $635,000 after acquiring an additional 38,254 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in BlackRock MuniHoldings California Quality Fund during the 2nd quarter valued at about $4,308,000. Litman Gregory Wealth Management LLC increased its holdings in BlackRock MuniHoldings California Quality Fund by 108.0% during the 3rd quarter. Litman Gregory Wealth Management LLC now owns 36,615 shares of the company’s stock valued at $422,000 after acquiring an additional 19,015 shares in the last quarter. Finally, Ackerman Capital Advisors LLC purchased a new position in BlackRock MuniHoldings California Quality Fund during the 3rd quarter valued at about $236,000. Institutional investors and hedge funds own 30.99% of the company’s stock.

BlackRock MuniHoldings California Quality Fund Stock Up 0.3 %

Shares of NYSE MUC traded up $0.04 during midday trading on Tuesday, hitting $10.79. The company had a trading volume of 437,276 shares, compared to its average volume of 294,545. BlackRock MuniHoldings California Quality Fund has a twelve month low of $10.52 and a twelve month high of $11.64. The business has a 50-day simple moving average of $10.89 and a two-hundred day simple moving average of $11.15.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a $0.0535 dividend. This represents a $0.64 annualized dividend and a dividend yield of 5.95%. The ex-dividend date of this dividend is Wednesday, January 15th.

About BlackRock MuniHoldings California Quality Fund

BlackRock MuniHoldings California Quality 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 fixed income markets. It invests primarily in a portfolio of long-term investment-grade municipal obligations, the interest on which is exempt from Federal and California income taxes.