BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Short Interest Update

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 37,900 shares, an increase of 49.8% from the February 28th total of 25,300 shares. Based on an average daily volume of 126,900 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

Shares of MUJ traded up $0.10 during mid-day trading on Tuesday, reaching $11.35. The company’s stock had a trading volume of 68,463 shares, compared to its average volume of 109,150. BlackRock MuniHoldings New Jersey Quality Fund has a 1 year low of $10.97 and a 1 year high of $12.24. The business has a fifty day moving average of $11.44 and a 200 day moving average of $11.60.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $0.054 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.71%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MUJ. Pine Valley Investments Ltd Liability Co boosted its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 5.5% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 26,869 shares of the financial services provider’s stock valued at $327,000 after buying an additional 1,400 shares during the period. Breakwater Capital Group raised its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 69.2% during the fourth quarter. Breakwater Capital Group now owns 90,678 shares of the financial services provider’s stock worth $1,004,000 after acquiring an additional 37,076 shares in the last quarter. Traphagen Investment Advisors LLC acquired a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter valued at $123,000. Janney Montgomery Scott LLC purchased a new position in BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter valued at about $201,000. Finally, J.W. Cole Advisors Inc. increased its position in BlackRock MuniHoldings New Jersey Quality Fund by 3.0% in the 4th quarter. J.W. Cole Advisors Inc. now owns 251,955 shares of the financial services provider’s stock worth $2,789,000 after purchasing an additional 7,390 shares during the last quarter. 15.13% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniHoldings New Jersey Quality Fund Company Profile

BlackRock MuniHoldings New Jersey Quality Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of United States. The fund invests primarily in long-term, investment grade municipal obligations exempt from federal income taxes and New Jersey personal income taxes.