BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) Short Interest Up 28.7% in March

BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 114,777 shares, an increase of 28.7% from the March 15th total of 89,186 shares. Based on an average trading volume of 438,556 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On BlackRock MuniHoldings Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew its position in BlackRock MuniHoldings Fund by 813.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 509,105 shares of the company’s stock valued at $5,977,000 after buying an additional 453,353 shares during the period. Allegheny Financial Group bought a new position in BlackRock MuniHoldings Fund during the first quarter valued at about $1,754,000. City of London Investment Management Co. Ltd. grew its position in BlackRock MuniHoldings Fund by 52.7% during the third quarter. City of London Investment Management Co. Ltd. now owns 371,247 shares of the company’s stock valued at $4,362,000 after buying an additional 128,150 shares during the period. Advisors Asset Management Inc. grew its position in BlackRock MuniHoldings Fund by 21.2% during the fourth quarter. Advisors Asset Management Inc. now owns 644,275 shares of the company’s stock valued at $7,564,000 after buying an additional 112,528 shares during the period. Finally, Rareview Capital LLC grew its position in BlackRock MuniHoldings Fund by 23.8% during the fourth quarter. Rareview Capital LLC now owns 398,623 shares of the company’s stock valued at $4,465,000 after buying an additional 76,718 shares during the period.

BlackRock MuniHoldings Fund Price Performance

Shares of MHD opened at $11.85 on Friday. BlackRock MuniHoldings Fund has a 52-week low of $10.79 and a 52-week high of $12.05. The business’s 50 day moving average price is $11.67 and its two-hundred day moving average price is $11.73.

BlackRock MuniHoldings Fund Announces Dividend

The company 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 dividend of $0.0595 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Monday, June 15th.

About BlackRock MuniHoldings Fund

BlackRock MuniHoldings Fund (NYSE:MHD) is a closed-end management investment company focused on delivering tax-exempt income through a diversified portfolio of municipal securities. The fund’s primary objective is to seek current income exempt from federal income tax, making it a potential option for investors looking to enhance after-tax yield in a fixed-income allocation.

The fund invests predominantly in investment-grade municipal bonds issued by state and local governments, authorities and agencies across the United States.