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

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 247,641 shares, an increase of 71.2% from the November 30th total of 144,642 shares. Based on an average daily trading volume, of 148,156 shares, the days-to-cover ratio is presently 1.7 days. Based on an average daily trading volume, of 148,156 shares, the days-to-cover ratio is presently 1.7 days.

BlackRock MuniHoldings New Jersey Quality Fund Trading Down 0.3%

MUJ stock traded down $0.04 on Monday, reaching $11.93. 119,785 shares of the company were exchanged, compared to its average volume of 131,247. BlackRock MuniHoldings New Jersey Quality Fund has a 12 month low of $10.50 and a 12 month high of $12.18. The stock’s fifty day moving average price is $11.87 and its 200 day moving average price is $11.38.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be given a $0.054 dividend. The ex-dividend date is Monday, December 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MUJ. Nomura Holdings Inc. bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the second quarter valued at about $110,000. Janney Montgomery Scott LLC acquired a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the second quarter valued at approximately $113,000. Advisory Services Network LLC acquired a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the third quarter valued at approximately $133,000. Susquehanna International Group LLP bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 3rd quarter valued at approximately $134,000. Finally, Prestige Wealth Management Group LLC acquired a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 3rd quarter worth approximately $159,000. 15.13% of the stock is owned by institutional investors.

About BlackRock MuniHoldings New Jersey Quality Fund

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.