Short Interest in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Declines By 55.9%

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ - Get Free Report) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 21,400 shares, a decrease of 55.9% from the September 30th total of 48,500 shares. Based on an average daily volume of 92,000 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

Hedge funds have recently made changes to their positions in the business. J.W. Cole Advisors Inc. grew its position in BlackRock MuniHoldings New Jersey Quality Fund by 20.9% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 244,565 shares of the financial services provider's stock worth $2,967,000 after purchasing an additional 42,196 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 3rd quarter valued at $13,530,000. Private Advisor Group LLC raised its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 28.1% during the third quarter. Private Advisor Group LLC now owns 19,828 shares of the financial services provider's stock valued at $241,000 after buying an additional 4,353 shares in the last quarter. TriaGen Wealth Management LLC acquired a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the 3rd quarter worth approximately $121,000. Finally, Strategic Advisors LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the third quarter worth approximately $2,182,000. Institutional investors and hedge funds own 15.13% of the company's stock.

BlackRock MuniHoldings New Jersey Quality Fund Stock Performance

MUJ traded up $0.08 on Friday, reaching $11.76. The company had a trading volume of 72,007 shares, compared to its average volume of 94,534. The company has a fifty day moving average of $12.02 and a 200-day moving average of $11.60. BlackRock MuniHoldings New Jersey Quality Fund has a one year low of $9.73 and a one year high of $12.24.

BlackRock MuniHoldings New Jersey Quality Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a $0.054 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This is a boost from BlackRock MuniHoldings New Jersey Quality Fund's previous monthly dividend of $0.05. This represents a $0.65 annualized dividend and a yield of 5.51%.

BlackRock MuniHoldings New Jersey Quality Fund Company Profile

BlackRock MuniHoldings New Jersey Quality Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of United States. The fund invests primarily in long-term, investment grade municipal obligations exempt from federal income taxes and New Jersey personal income taxes.

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