Short Interest in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Decreases By 52.0%

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC - Get Free Report) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 33,800 shares, a decrease of 52.0% from the September 30th total of 70,400 shares. Based on an average trading volume of 202,400 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Fortitude Family Office LLC acquired a new position in shares of BlackRock MuniHoldings California Quality Fund in the 3rd quarter valued at $48,000. Ackerman Capital Advisors LLC acquired a new position in BlackRock MuniHoldings California Quality Fund in the third quarter valued at $236,000. Litman Gregory Wealth Management LLC grew its holdings in shares of BlackRock MuniHoldings California Quality Fund by 108.0% during the third quarter. Litman Gregory Wealth Management LLC now owns 36,615 shares of the company's stock worth $422,000 after purchasing an additional 19,015 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of BlackRock MuniHoldings California Quality Fund during the second quarter worth about $4,308,000. Finally, Creative Planning lifted its holdings in shares of BlackRock MuniHoldings California Quality Fund by 201.5% in the 2nd quarter. Creative Planning now owns 57,242 shares of the company's stock valued at $635,000 after purchasing an additional 38,254 shares during the last quarter. 30.99% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniHoldings California Quality Fund Trading Up 0.7 %

MUC traded up $0.08 during trading hours on Friday, reaching $11.26. The company's stock had a trading volume of 194,543 shares, compared to its average volume of 236,671. The business's 50-day moving average is $11.40 and its 200-day moving average is $11.12. BlackRock MuniHoldings California Quality Fund has a fifty-two week low of $9.19 and a fifty-two week high of $11.64.

BlackRock MuniHoldings California Quality Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a $0.0535 dividend. This represents a $0.64 annualized dividend and a yield of 5.70%. The ex-dividend date is Tuesday, October 15th. This is a positive change from BlackRock MuniHoldings California Quality Fund's previous monthly dividend of $0.05.

About BlackRock MuniHoldings California Quality Fund

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.