Short Interest in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Drops By 48.0%

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 76,251 shares, a decline of 48.0% from the June 15th total of 146,743 shares. Based on an average trading volume of 103,306 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Fiera Capital Corp boosted its position in BlackRock MuniHoldings New Jersey Quality Fund by 51.8% during the 4th quarter. Fiera Capital Corp now owns 394,623 shares of the financial services provider’s stock worth $4,696,000 after acquiring an additional 134,600 shares during the period. LPL Financial LLC lifted its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 19.5% in the fourth quarter. LPL Financial LLC now owns 229,167 shares of the financial services provider’s stock worth $2,727,000 after purchasing an additional 37,445 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 7.6% during the second quarter. Bank of America Corp DE now owns 449,183 shares of the financial services provider’s stock worth $4,919,000 after purchasing an additional 31,816 shares during the period. Guggenheim Capital LLC boosted its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 18.4% during the fourth quarter. Guggenheim Capital LLC now owns 552,534 shares of the financial services provider’s stock worth $6,575,000 after purchasing an additional 85,935 shares during the period. Finally, Cetera Investment Advisers grew its position in BlackRock MuniHoldings New Jersey Quality Fund by 59.5% during the fourth quarter. Cetera Investment Advisers now owns 97,864 shares of the financial services provider’s stock valued at $1,165,000 after purchasing an additional 36,513 shares in the last quarter. 15.13% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniHoldings New Jersey Quality Fund Trading Down 0.4%

BlackRock MuniHoldings New Jersey Quality Fund stock traded down $0.04 during midday trading on Friday, reaching $12.25. The stock had a trading volume of 36,823 shares, compared to its average volume of 98,230. BlackRock MuniHoldings New Jersey Quality Fund has a twelve month low of $10.66 and a twelve month high of $12.68. The firm’s fifty day simple moving average is $12.27 and its two-hundred day simple moving average is $12.18.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a $0.054 dividend. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

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.