BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) Short Interest Update

BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 54,600 shares, a decline of 35.2% from the August 15th total of 84,300 shares. Based on an average daily volume of 94,300 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Karpus Management Inc. grew its stake in shares of BlackRock MuniHoldings Fund by 9.9% during the first quarter. Karpus Management Inc. now owns 6,202,504 shares of the company’s stock valued at $74,926,000 after buying an additional 556,998 shares during the last quarter. Fiera Capital Corp boosted its holdings in BlackRock MuniHoldings Fund by 8.3% during the 4th quarter. Fiera Capital Corp now owns 850,647 shares of the company’s stock valued at $10,131,000 after acquiring an additional 65,450 shares during the period. Van ECK Associates Corp grew its position in BlackRock MuniHoldings Fund by 4.9% in the 1st quarter. Van ECK Associates Corp now owns 411,409 shares of the company’s stock valued at $4,970,000 after acquiring an additional 19,194 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in BlackRock MuniHoldings Fund by 298.8% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 292,156 shares of the company’s stock worth $3,532,000 after purchasing an additional 218,890 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of BlackRock MuniHoldings Fund by 7.6% during the second quarter. Envestnet Asset Management Inc. now owns 272,684 shares of the company’s stock worth $3,297,000 after purchasing an additional 19,295 shares during the last quarter.

BlackRock MuniHoldings Fund Stock Performance

Shares of NYSE MHD traded up $0.06 during trading hours on Monday, hitting $12.87. 87,703 shares of the company traded hands, compared to its average volume of 103,728. The company’s 50 day moving average price is $12.25 and its 200 day moving average price is $11.99. BlackRock MuniHoldings Fund has a 12 month low of $9.92 and a 12 month high of $12.96.

BlackRock MuniHoldings Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.0595 per share. This represents a $0.71 annualized dividend and a yield of 5.55%. This is a positive change from BlackRock MuniHoldings Fund’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, October 15th.

BlackRock MuniHoldings Fund Company Profile

BlackRock MuniHoldings Fund, Inc is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds that are exempt from federal income taxes.