BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Sees Large Decrease in Short Interest

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 1,900 shares, a decrease of 96.9% from the December 31st total of 60,900 shares. Based on an average daily volume of 330,500 shares, the days-to-cover ratio is currently 0.0 days.

BlackRock MuniHoldings California Quality Fund Stock Up 0.3 %

BlackRock MuniHoldings California Quality Fund stock traded up $0.04 during trading hours on Tuesday, reaching $10.79. 437,276 shares of the company were exchanged, compared to its average volume of 294,545. The stock has a 50-day moving average of $10.89 and a 200 day moving average of $11.15. BlackRock MuniHoldings California Quality Fund has a 12 month low of $10.52 and a 12 month high of $11.64.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be given a $0.0535 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.64 annualized dividend and a dividend yield of 5.95%.

Institutional Investors Weigh In On BlackRock MuniHoldings California Quality Fund

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. bought a new position in BlackRock MuniHoldings California Quality Fund in the third quarter valued at about $25,000. Fortitude Family Office LLC bought a new position in BlackRock MuniHoldings California Quality Fund in the third quarter valued at about $48,000. Golden State Wealth Management LLC bought a new position in BlackRock MuniHoldings California Quality Fund in the fourth quarter valued at about $55,000. Oppenheimer & Co. Inc. bought a new position in BlackRock MuniHoldings California Quality Fund during the third quarter worth about $118,000. Finally, Octavia Wealth Advisors LLC bought a new position in BlackRock MuniHoldings California Quality Fund during the fourth quarter worth about $120,000. 30.99% of the stock is owned by institutional investors.

About BlackRock MuniHoldings California Quality Fund

BlackRock MuniHoldings California Quality 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 fixed income markets. It invests primarily in a portfolio of long-term investment-grade municipal obligations, the interest on which is exempt from Federal and California income taxes.