BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Short Interest Update

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 262,097 shares, an increase of 110.3% from the August 31st total of 124,646 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 583,788 shares, the short-interest ratio is presently 0.4 days.

BlackRock MuniHoldings California Quality Fund Stock Down 0.3%

Shares of MUC stock opened at $9.64 on Wednesday. BlackRock MuniHoldings California Quality Fund has a 1-year low of $9.56 and a 1-year high of $11.16. The stock’s 50-day moving average is $10.47 and its 200 day moving average is $10.66.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be given a dividend of $0.0535 per share. This represents a $0.64 annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend is Friday, December 11th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MUC. Closed End Fund Advisors Inc. purchased a new position in BlackRock MuniHoldings California Quality Fund during the 4th quarter worth $133,000. Meridian Investment Counsel Inc. acquired a new stake in BlackRock MuniHoldings California Quality Fund in the first quarter worth about $134,000. Whittier Trust Co. purchased a new stake in shares of BlackRock MuniHoldings California Quality Fund during the first quarter worth about $141,000. Kestra Advisory Services LLC purchased a new stake in shares of BlackRock MuniHoldings California Quality Fund during the first quarter worth about $166,000. Finally, Decision Investments Inc. increased its holdings in shares of BlackRock MuniHoldings California Quality Fund by 58.9% during the first quarter. Decision Investments Inc. now owns 16,529 shares of the company’s stock valued at $172,000 after acquiring an additional 6,128 shares in the last quarter. Institutional investors own 30.99% of the company’s stock.

BlackRock MuniHoldings California Quality Fund Company Profile

BlackRock MuniHoldings California Quality Fund, Inc is a closed-end management investment company listed on the New York Stock Exchange under the symbol MUC. The fund seeks to provide current income that is exempt from regular federal income tax and California state income tax by investing primarily in a portfolio of municipal obligations issued by or on behalf of California municipalities and other qualifying public entities.

The fund’s investments may include bonds and other fixed-income securities that finance public infrastructure and services, such as schools, transportation systems, utilities, hospitals and other governmental or community projects.