BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Sees Significant Decline in Short Interest

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ - Get Free Report) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totalling 9,300 shares, a decline of 50.3% from the December 15th total of 18,700 shares. Based on an average daily trading volume, of 157,000 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

Several institutional investors have recently modified their holdings of the company. Pine Valley Investments Ltd Liability Co increased its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 5.5% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 26,869 shares of the financial services provider's stock valued at $327,000 after buying an additional 1,400 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 6.2% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 37,472 shares of the financial services provider's stock worth $429,000 after acquiring an additional 2,197 shares in the last quarter. Private Advisor Group LLC lifted its stake 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 worth $241,000 after purchasing an additional 4,353 shares during the last quarter. TriaGen Wealth Management LLC acquired a new position in BlackRock MuniHoldings New Jersey Quality Fund in the third quarter valued at approximately $121,000. Finally, Breakwater Capital Group boosted its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 69.2% in the fourth quarter. Breakwater Capital Group now owns 90,678 shares of the financial services provider's stock valued at $1,004,000 after purchasing an additional 37,076 shares in the last quarter. 15.13% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniHoldings New Jersey Quality Fund Stock Down 0.1 %

Shares of MUJ stock traded down $0.01 during trading hours on Tuesday, reaching $11.01. 173,880 shares of the stock were exchanged, compared to its average volume of 132,110. BlackRock MuniHoldings New Jersey Quality Fund has a 12-month low of $10.97 and a 12-month high of $12.24. The business's fifty day moving average is $11.50 and its two-hundred day moving average is $11.70.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a $0.054 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.89%.

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.