BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) Sees Large Drop in Short Interest

BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 20,348 shares, a decrease of 45.6% from the November 30th total of 37,406 shares. Based on an average daily volume of 166,989 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 166,989 shares, the short-interest ratio is presently 0.1 days.

BlackRock MuniHoldings Fund Stock Up 0.1%

NYSE:MHD traded up $0.01 during mid-day trading on Friday, hitting $11.59. 316,203 shares of the company’s stock were exchanged, compared to its average volume of 103,635. BlackRock MuniHoldings Fund has a fifty-two week low of $10.79 and a fifty-two week high of $12.34. The company has a 50 day simple moving average of $11.71 and a 200-day simple moving average of $11.46.

BlackRock MuniHoldings Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be paid a $0.0595 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a c) annualized dividend and a dividend yield of 6.2%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Rareview Capital LLC raised its stake in BlackRock MuniHoldings Fund by 143.0% during the second quarter. Rareview Capital LLC now owns 301,003 shares of the company’s stock worth $3,371,000 after buying an additional 177,131 shares during the last quarter. Mackay Shields LLC lifted its stake in shares of BlackRock MuniHoldings Fund by 7.4% in the 2nd quarter. Mackay Shields LLC now owns 2,126,547 shares of the company’s stock valued at $23,817,000 after purchasing an additional 146,861 shares during the period. City of London Investment Management Co. Ltd. boosted its position in shares of BlackRock MuniHoldings Fund by 52.7% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 371,247 shares of the company’s stock valued at $4,362,000 after purchasing an additional 128,150 shares in the last quarter. Wolverine Asset Management LLC grew its stake in BlackRock MuniHoldings Fund by 3,256.4% during the second quarter. Wolverine Asset Management LLC now owns 90,522 shares of the company’s stock worth $1,014,000 after purchasing an additional 87,825 shares during the period. Finally, Bank of America Corp DE increased its holdings in BlackRock MuniHoldings Fund by 8.3% in the second quarter. Bank of America Corp DE now owns 822,170 shares of the company’s stock worth $9,208,000 after purchasing an additional 63,038 shares in the last quarter.

About BlackRock MuniHoldings Fund

BlackRock MuniHoldings Fund (NYSE:MHD) is a closed-end management investment company focused on delivering tax-exempt income through a diversified portfolio of municipal securities. The fund’s primary objective is to seek current income exempt from federal income tax, making it a potential option for investors looking to enhance after-tax yield in a fixed-income allocation.

The fund invests predominantly in investment-grade municipal bonds issued by state and local governments, authorities and agencies across the United States.