BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Short Interest Down 48.3% in December

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 40,221 shares, a decrease of 48.3% from the November 30th total of 77,855 shares. Based on an average daily trading volume, of 399,722 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 399,722 shares, the days-to-cover ratio is currently 0.1 days.

BlackRock MuniHoldings California Quality Fund Stock Down 0.1%

Shares of BlackRock MuniHoldings California Quality Fund stock traded down $0.01 on Friday, reaching $10.56. The stock had a trading volume of 305,946 shares, compared to its average volume of 378,122. BlackRock MuniHoldings California Quality Fund has a 1 year low of $9.97 and a 1 year high of $11.20. The company has a 50 day moving average price of $10.73 and a 200 day moving average price of $10.52.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be given a dividend of $0.0535 per share. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Monday, December 22nd.

Hedge Funds Weigh In On BlackRock MuniHoldings California Quality Fund

Several hedge funds and other institutional investors have recently modified their holdings of MUC. WFA of San Diego LLC purchased a new stake in BlackRock MuniHoldings California Quality Fund during the 2nd quarter worth approximately $26,000. Ameritas Advisory Services LLC purchased a new stake in shares of BlackRock MuniHoldings California Quality Fund during the second quarter valued at $28,000. Nomura Holdings Inc. acquired a new position in shares of BlackRock MuniHoldings California Quality Fund in the 2nd quarter valued at $104,000. Sanders Morris Harris LLC purchased a new position in BlackRock MuniHoldings California Quality Fund in the 3rd quarter worth $108,000. Finally, Octavia Wealth Advisors LLC acquired a new stake in BlackRock MuniHoldings California Quality Fund during the 3rd quarter worth about $123,000. 30.99% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniHoldings California Quality Fund Company Profile

BlackRock MuniHoldings California Quality Fund (NYSE: MUC) is a closed-end management investment company that seeks to provide high-quality, federally and California tax-exempt income. The fund primarily invests in investment-grade municipal obligations issued by or on behalf of entities located in California, including general obligation bonds and revenue bonds that finance public projects such as schools, transportation infrastructure and utilities.

The fund’s portfolio construction emphasizes credit quality and geographic concentration, targeting bonds rated at or above investment grade by nationally recognized statistical rating organizations.