BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC - Get Free Report) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 82,000 shares, an increase of 397.0% from the February 28th total of 16,500 shares. Based on an average daily volume of 292,500 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.
Hedge Funds Weigh In On BlackRock MuniHoldings California Quality Fund
Several large investors have recently made changes to their positions in MUC. Atria Wealth Solutions Inc. lifted its holdings in BlackRock MuniHoldings California Quality Fund by 30.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 167,437 shares of the company's stock worth $1,780,000 after purchasing an additional 38,842 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of BlackRock MuniHoldings California Quality Fund by 10.7% in the fourth quarter. Advisors Asset Management Inc. now owns 574,270 shares of the company's stock worth $6,104,000 after purchasing an additional 55,557 shares during the last quarter. SteelPeak Wealth LLC purchased a new stake in shares of BlackRock MuniHoldings California Quality Fund in the fourth quarter worth about $248,000. PNC Financial Services Group Inc. boosted its stake in BlackRock MuniHoldings California Quality Fund by 255.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 96,220 shares of the company's stock valued at $1,023,000 after buying an additional 69,136 shares during the last quarter. Finally, Dakota Wealth Management grew its holdings in BlackRock MuniHoldings California Quality Fund by 43.5% during the 4th quarter. Dakota Wealth Management now owns 186,176 shares of the company's stock valued at $1,979,000 after buying an additional 56,400 shares in the last quarter. 30.99% of the stock is currently owned by hedge funds and other institutional investors.
BlackRock MuniHoldings California Quality Fund Stock Performance
Shares of NYSE MUC traded up $0.04 during midday trading on Monday, reaching $10.73. The stock had a trading volume of 208,231 shares, compared to its average volume of 252,231. BlackRock MuniHoldings California Quality Fund has a 12-month low of $10.52 and a 12-month high of $11.64. The stock has a 50-day moving average of $10.87 and a 200-day moving average of $11.04.
BlackRock MuniHoldings California Quality Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.0535 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a yield of 5.99%.
BlackRock MuniHoldings California Quality Fund Company Profile
(
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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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