BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Sees Large Growth in Short Interest

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC - Get Free Report) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 129,000 shares, an increase of 225.8% from the March 31st total of 39,600 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 230,300 shares, the days-to-cover ratio is presently 0.6 days.

BlackRock MuniHoldings California Quality Fund Trading Up 0.2 %

MUC stock traded up $0.02 during trading on Friday, reaching $10.44. 122,472 shares of the company's stock were exchanged, compared to its average volume of 256,941. BlackRock MuniHoldings California Quality Fund has a 1-year low of $9.97 and a 1-year high of $11.64. The company's fifty day moving average price is $10.67 and its 200-day moving average price is $10.88.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given a $0.0535 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.64 dividend on an annualized basis and a yield of 6.15%.

Hedge Funds Weigh In On BlackRock MuniHoldings California Quality Fund

Several large investors have recently bought and sold shares of MUC. Rivernorth Capital Management LLC boosted its holdings in shares of BlackRock MuniHoldings California Quality Fund by 7.1% in the third quarter. Rivernorth Capital Management LLC now owns 2,537,611 shares of the company's stock valued at $29,233,000 after acquiring an additional 167,785 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in BlackRock MuniHoldings California Quality Fund in the third quarter worth approximately $25,000. Cypress Wealth Services LLC boosted its stake in BlackRock MuniHoldings California Quality Fund by 118.5% during the 4th quarter. Cypress Wealth Services LLC now owns 52,726 shares of the company's stock valued at $560,000 after purchasing an additional 28,596 shares in the last quarter. Channel Wealth LLC increased its position in shares of BlackRock MuniHoldings California Quality Fund by 32.1% during the 4th quarter. Channel Wealth LLC now owns 78,705 shares of the company's stock valued at $837,000 after purchasing an additional 19,114 shares during the period. Finally, Octavia Wealth Advisors LLC bought a new stake in shares of BlackRock MuniHoldings California Quality Fund in the 4th quarter worth $120,000. Institutional investors and hedge funds own 30.99% of the company's stock.

BlackRock MuniHoldings California Quality Fund Company Profile

BlackRock MuniHoldings California Quality 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 fixed income markets. It invests primarily in a portfolio of long-term investment-grade municipal obligations, the interest on which is exempt from Federal and California income taxes.

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