BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Short Interest Update

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 60,343 shares, a decline of 31.2% from the February 26th total of 87,768 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 303,832 shares, the days-to-cover ratio is presently 0.2 days.

BlackRock MuniHoldings California Quality Fund Trading Down 1.4%

Shares of MUC traded down $0.15 during mid-day trading on Friday, reaching $10.25. 330,000 shares of the stock traded hands, compared to its average volume of 279,092. The stock has a fifty day simple moving average of $10.82 and a 200 day simple moving average of $10.77. BlackRock MuniHoldings California Quality Fund has a 12-month low of $9.97 and a 12-month high of $11.04.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a $0.0535 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 6.3%.

Hedge Funds Weigh In On BlackRock MuniHoldings California Quality Fund

Several large investors have recently added to or reduced their stakes in the company. Guggenheim Capital LLC increased its stake in shares of BlackRock MuniHoldings California Quality Fund by 9.2% in the fourth quarter. Guggenheim Capital LLC now owns 2,479,122 shares of the company’s stock valued at $26,279,000 after purchasing an additional 208,561 shares during the period. Rivernorth Capital Management LLC boosted its position in shares of BlackRock MuniHoldings California Quality Fund by 55.2% during the fourth quarter. Rivernorth Capital Management LLC now owns 2,308,887 shares of the company’s stock worth $24,474,000 after buying an additional 821,347 shares during the period. Bank of America Corp DE boosted its position in shares of BlackRock MuniHoldings California Quality Fund by 9.2% during the third quarter. Bank of America Corp DE now owns 1,774,050 shares of the company’s stock worth $19,248,000 after buying an additional 148,959 shares during the period. Advisors Asset Management Inc. grew its holdings in BlackRock MuniHoldings California Quality Fund by 51.8% in the 4th quarter. Advisors Asset Management Inc. now owns 1,351,242 shares of the company’s stock worth $14,323,000 after buying an additional 461,268 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in BlackRock MuniHoldings California Quality Fund by 12.8% in the 4th quarter. Wells Fargo & Company MN now owns 659,808 shares of the company’s stock valued at $6,994,000 after acquiring an additional 74,727 shares during the period. 30.99% of the stock is currently owned by institutional investors.

About BlackRock MuniHoldings California Quality Fund

BlackRock MuniHoldings California Quality Fund (NYSE: MUC) is a closed-end management investment company that seeks to provide high-quality, federally and California tax-exempt income. The fund primarily invests in investment-grade municipal obligations issued by or on behalf of entities located in California, including general obligation bonds and revenue bonds that finance public projects such as schools, transportation infrastructure and utilities.

The fund’s portfolio construction emphasizes credit quality and geographic concentration, targeting bonds rated at or above investment grade by nationally recognized statistical rating organizations.