Short Interest in BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) Expands By 235.1%

BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 120,300 shares, an increase of 235.1% from the November 30th total of 35,900 shares. Based on an average daily volume of 104,500 shares, the short-interest ratio is presently 1.2 days.

BlackRock MuniHoldings Fund Stock Performance

BlackRock MuniHoldings Fund stock traded down $0.07 during trading hours on Friday, hitting $11.60. 235,317 shares of the stock traded hands, compared to its average volume of 104,103. BlackRock MuniHoldings Fund has a one year low of $11.41 and a one year high of $12.96. The firm’s 50-day moving average price is $12.21 and its two-hundred day moving average price is $12.28.

BlackRock MuniHoldings Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.0595 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.71 annualized dividend and a dividend yield of 6.16%.

Institutional Investors Weigh In On BlackRock MuniHoldings Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MHD. Bank of New York Mellon Corp grew its position in shares of BlackRock MuniHoldings Fund by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 118,794 shares of the company’s stock worth $1,436,000 after buying an additional 2,499 shares during the period. Moloney Securities Asset Management LLC grew its holdings in BlackRock MuniHoldings Fund by 9.2% in the second quarter. Moloney Securities Asset Management LLC now owns 51,100 shares of the company’s stock worth $618,000 after purchasing an additional 4,313 shares during the period. Rothschild Investment LLC bought a new position in shares of BlackRock MuniHoldings Fund during the second quarter valued at approximately $595,000. Essex Financial Services Inc. purchased a new position in shares of BlackRock MuniHoldings Fund during the second quarter valued at approximately $140,000. Finally, Wolverine Asset Management LLC bought a new stake in shares of BlackRock MuniHoldings Fund in the 2nd quarter worth approximately $91,000.

BlackRock MuniHoldings Fund Company Profile

BlackRock MuniHoldings Fund, Inc is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds that are exempt from federal income taxes.