BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Short Interest Up 154.9% in August

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 124,646 shares, a growth of 154.9% from the August 15th total of 48,896 shares. Based on an average daily volume of 352,944 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

BlackRock MuniHoldings California Quality Fund Stock Performance

Shares of BlackRock MuniHoldings California Quality Fund stock traded down $0.15 during midday trading on Tuesday, hitting $10.12. The company had a trading volume of 100,949 shares, compared to its average volume of 313,406. BlackRock MuniHoldings California Quality Fund has a 52-week low of $10.14 and a 52-week high of $11.16. The company has a 50 day moving average of $10.68 and a 200 day moving average of $10.73.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be paid a $0.0535 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, December 11th.

Hedge Funds Weigh In On BlackRock MuniHoldings California Quality Fund

Several institutional investors and hedge funds have recently modified their holdings of MUC. Bank of America Corp DE grew its holdings in shares of BlackRock MuniHoldings California Quality Fund by 21.0% during the first quarter. Bank of America Corp DE now owns 2,268,949 shares of the company’s stock valued at $23,597,000 after buying an additional 393,995 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in BlackRock MuniHoldings California Quality Fund by 85.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,100,165 shares of the company’s stock valued at $11,442,000 after purchasing an additional 507,112 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in BlackRock MuniHoldings California Quality Fund by 5.2% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 709,302 shares of the company’s stock valued at $7,795,000 after purchasing an additional 35,327 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of BlackRock MuniHoldings California Quality Fund by 7.9% in the 1st quarter. Sanctuary Advisors LLC now owns 467,786 shares of the company’s stock worth $4,865,000 after purchasing an additional 34,327 shares in the last quarter. Finally, Fiera Capital Corp purchased a new position in shares of BlackRock MuniHoldings California Quality Fund in the fourth quarter worth $4,665,000. 30.99% of the stock is currently owned by institutional investors.

About BlackRock MuniHoldings California Quality Fund

BlackRock MuniHoldings California Quality Fund, Inc is a closed-end management investment company listed on the New York Stock Exchange under the symbol MUC. The fund seeks to provide current income that is exempt from regular federal income tax and California state income tax by investing primarily in a portfolio of municipal obligations issued by or on behalf of California municipalities and other qualifying public entities.

The fund’s investments may include bonds and other fixed-income securities that finance public infrastructure and services, such as schools, transportation systems, utilities, hospitals and other governmental or community projects.