BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Stock Short Interest Report for October

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) was the target of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 50,547 shares, a drop of 77.7% from the October 15th total of 226,527 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 660,308 shares, the days-to-cover ratio is currently 0.1 days.

BlackRock MuniHoldings California Quality Fund Trading Down 0.6%

MUC opened at $9.94 on Thursday. The firm’s 50 day moving average is $9.98 and its 200-day moving average is $10.57. BlackRock MuniHoldings California Quality Fund has a 52-week low of $9.51 and a 52-week high of $11.16.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be paid a $0.0535 dividend. The ex-dividend date is Friday, November 13th. This represents a $0.64 annualized dividend and a dividend yield of 6.5%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MUC. Advisors Asset Management Inc. acquired a new position in shares of BlackRock MuniHoldings California Quality Fund in the 3rd quarter valued at approximately $22,446,000. Private Advisor Group LLC acquired a new stake in shares of BlackRock MuniHoldings California Quality Fund during the third quarter worth approximately $103,000. Ieq Capital LLC increased its stake in shares of BlackRock MuniHoldings California Quality Fund by 5.5% in the third quarter. Ieq Capital LLC now owns 19,100 shares of the company’s stock worth $186,000 after buying an additional 1,000 shares during the last quarter. Global Retirement Partners LLC increased its stake in shares of BlackRock MuniHoldings California Quality Fund by 7.7% in the third quarter. Global Retirement Partners LLC now owns 72,651 shares of the company’s stock worth $708,000 after buying an additional 5,224 shares during the last quarter. Finally, Lido Advisors LLC increased its stake in shares of BlackRock MuniHoldings California Quality Fund by 184.5% in the third quarter. Lido Advisors LLC now owns 51,852 shares of the company’s stock worth $506,000 after buying an additional 33,625 shares during the last quarter. Hedge funds and other institutional investors own 30.99% of the company’s stock.

About BlackRock MuniHoldings California Quality Fund

BlackRock MuniHoldings California Quality Fund, Inc. is a closed-end investment fund managed by BlackRock Advisors, LLC. It seeks to provide high current income that is exempt from regular federal income taxes and California personal income taxes, while also seeking to preserve capital. The fund invests primarily in municipal bonds issued by California state and local governments and public entities. These bonds may finance public services and infrastructure, and their interest payments are generally exempt from the taxes described in the fund’s objective, subject to applicable tax rules.