BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Short Interest Down 81.1% in July

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 31,487 shares, a decrease of 81.1% from the July 15th total of 166,176 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 353,935 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of BlackRock MuniHoldings California Quality Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its stake in shares of BlackRock MuniHoldings California Quality Fund by 85.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,100,165 shares of the company’s stock valued at $11,442,000 after acquiring an additional 507,112 shares during the last quarter. Rareview Capital LLC lifted its holdings in BlackRock MuniHoldings California Quality Fund by 628.0% in the 1st quarter. Rareview Capital LLC now owns 183,505 shares of the company’s stock valued at $1,899,000 after purchasing an additional 158,298 shares in the last quarter. Trilogy Capital Inc. purchased a new position in BlackRock MuniHoldings California Quality Fund in the 1st quarter valued at about $1,743,000. Hollencrest Capital Management boosted its stake in shares of BlackRock MuniHoldings California Quality Fund by 35.8% during the 1st quarter. Hollencrest Capital Management now owns 307,635 shares of the company’s stock worth $3,199,000 after purchasing an additional 81,115 shares during the last quarter. Finally, D.A. Davidson & CO. purchased a new stake in shares of BlackRock MuniHoldings California Quality Fund during the first quarter worth about $619,000. Hedge funds and other institutional investors own 30.99% of the company’s stock.

BlackRock MuniHoldings California Quality Fund Trading Down 0.8%

Shares of MUC stock traded down $0.09 during mid-day trading on Friday, reaching $10.77. The stock had a trading volume of 484,565 shares, compared to its average volume of 297,679. BlackRock MuniHoldings California Quality Fund has a 12-month low of $10.08 and a 12-month high of $11.16. The business has a 50-day simple moving average of $10.83 and a 200 day simple moving average of $10.78.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.0535 per share. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date is Tuesday, September 15th.

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.