Short Interest in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Declines By 52.5%

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totaling 85,379 shares, a decline of 52.5% from the December 31st total of 179,582 shares. Based on an average daily trading volume, of 74,774 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily trading volume, of 74,774 shares, the days-to-cover ratio is presently 1.1 days.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

BlackRock MuniHoldings New Jersey Quality Fund stock opened at $12.17 on Thursday. BlackRock MuniHoldings New Jersey Quality Fund has a one year low of $10.50 and a one year high of $12.22. The business has a fifty day moving average of $12.02 and a two-hundred day moving average of $11.55.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a dividend of $0.054 per share. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date is Friday, March 13th.

Institutional Investors Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

Institutional investors have recently modified their holdings of the company. J.W. Cole Advisors Inc. purchased a new position in BlackRock MuniHoldings New Jersey Quality Fund in the 2nd quarter valued at approximately $2,785,000. Strategic Advisors LLC purchased a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the third quarter worth $2,089,000. Allspring Global Investments Holdings LLC acquired a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the third quarter valued at $838,000. Breakwater Capital Group increased its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 35.4% in the third quarter. Breakwater Capital Group now owns 194,398 shares of the financial services provider’s stock valued at $2,253,000 after buying an additional 50,797 shares in the last quarter. Finally, Guggenheim Capital LLC raised its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 8.4% during the 2nd quarter. Guggenheim Capital LLC now owns 451,745 shares of the financial services provider’s stock worth $4,947,000 after buying an additional 34,962 shares during the last quarter. Hedge funds and other institutional investors own 15.13% of the company’s stock.

BlackRock MuniHoldings New Jersey Quality Fund Company Profile

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.