BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Short Interest Update

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 247,641 shares, an increase of 71.2% from the November 30th total of 144,642 shares. Based on an average daily volume of 148,156 shares, the days-to-cover ratio is presently 1.7 days. Based on an average daily volume of 148,156 shares, the days-to-cover ratio is presently 1.7 days.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

NYSE:MUJ traded down $0.05 on Friday, reaching $11.96. The stock had a trading volume of 100,789 shares, compared to its average volume of 128,831. BlackRock MuniHoldings New Jersey Quality Fund has a 12-month low of $10.50 and a 12-month high of $12.18. The firm’s fifty day moving average is $11.86 and its two-hundred day moving average is $11.37.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be given a dividend of $0.054 per share. The ex-dividend date is Monday, December 22nd. This represents a c) annualized dividend and a yield of 5.4%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Nomura Holdings Inc. acquired a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 2nd quarter valued at $110,000. Janney Montgomery Scott LLC acquired a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 2nd quarter valued at about $113,000. Advisory Services Network LLC acquired a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the 3rd quarter worth approximately $133,000. Susquehanna International Group LLP purchased a new position in BlackRock MuniHoldings New Jersey Quality Fund in the third quarter valued at approximately $134,000. Finally, Prestige Wealth Management Group LLC acquired a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the third quarter worth $159,000. 15.13% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniHoldings New Jersey Quality Fund Company Profile

BlackRock MuniHoldings New Jersey Quality Fund (NYSE: MUJ) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and New Jersey state income taxes. The fund primarily invests in investment-grade municipal securities issued by or on behalf of the State of New Jersey and its municipalities, authorities, and instrumentalities. By concentrating on high-quality New Jersey public finance obligations, MUJ aims to offer tax-efficient income for investors with exposure to the state’s credit profile.

The fund’s portfolio is actively managed by BlackRock’s municipal fixed income team, which conducts credit analysis and sector allocation to identify opportunities within New Jersey’s diverse municipal marketplace.