BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Sees Significant Decrease in Short Interest

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 79,306 shares, a drop of 67.8% from the May 14th total of 245,959 shares. Based on an average trading volume of 109,436 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Fiera Capital Corp grew its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 51.8% during the fourth quarter. Fiera Capital Corp now owns 394,623 shares of the financial services provider’s stock worth $4,696,000 after buying an additional 134,600 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter worth about $184,000. Susquehanna International Group LLP purchased a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the third quarter worth about $134,000. Bank of America Corp DE grew its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 4.1% during the first quarter. Bank of America Corp DE now owns 454,136 shares of the financial services provider’s stock worth $5,254,000 after buying an additional 17,893 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 9.8% during the first quarter. Cetera Investment Advisers now owns 107,428 shares of the financial services provider’s stock worth $1,243,000 after buying an additional 9,564 shares in the last quarter. 15.13% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniHoldings New Jersey Quality Fund Stock Performance

NYSE:MUJ traded down $0.01 during mid-day trading on Friday, hitting $12.38. 84,079 shares of the company’s stock traded hands, compared to its average volume of 98,418. The firm’s 50 day simple moving average is $12.11 and its 200 day simple moving average is $12.13. BlackRock MuniHoldings New Jersey Quality Fund has a 1 year low of $10.66 and a 1 year high of $12.68.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.054 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%.

BlackRock MuniHoldings New Jersey Quality Fund Company Profile

BlackRock MuniHoldings New Jersey Quality Fund (NYSE: MUJ) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and New Jersey state income taxes. The fund primarily invests in investment-grade municipal securities issued by or on behalf of the State of New Jersey and its municipalities, authorities, and instrumentalities. By concentrating on high-quality New Jersey public finance obligations, MUJ aims to offer tax-efficient income for investors with exposure to the state’s credit profile.

The fund’s portfolio is actively managed by BlackRock’s municipal fixed income team, which conducts credit analysis and sector allocation to identify opportunities within New Jersey’s diverse municipal marketplace.