BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Short Interest Up 70.7% in March

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 165,836 shares, a growth of 70.7% from the February 26th total of 97,175 shares. Based on an average daily volume of 94,469 shares, the short-interest ratio is presently 1.8 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. J.W. Cole Advisors Inc. acquired a new position in BlackRock MuniHoldings New Jersey Quality Fund in the second quarter worth $2,785,000. Strategic Advisors LLC acquired a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the third quarter valued at $2,089,000. Breakwater Capital Group increased its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 35.4% in the third quarter. Breakwater Capital Group now owns 194,398 shares of the financial services provider’s stock valued at $2,253,000 after buying an additional 50,797 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the third quarter valued at about $838,000. Finally, Wealth Effects LLC raised its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 17.2% in the fourth quarter. Wealth Effects LLC now owns 40,794 shares of the financial services provider’s stock valued at $485,000 after buying an additional 6,000 shares during the last quarter. Institutional investors own 15.13% of the company’s stock.

BlackRock MuniHoldings New Jersey Quality Fund Trading Down 1.0%

Shares of BlackRock MuniHoldings New Jersey Quality Fund stock traded down $0.12 during mid-day trading on Friday, reaching $11.44. 255,437 shares of the stock were exchanged, compared to its average volume of 94,530. BlackRock MuniHoldings New Jersey Quality Fund has a fifty-two week low of $10.50 and a fifty-two week high of $12.68. The firm has a 50-day simple moving average of $12.27 and a 200 day simple moving average of $11.95.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be paid a dividend of $0.054 per share. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Monday, June 15th.

About BlackRock MuniHoldings New Jersey Quality Fund

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.