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

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 245,959 shares, an increase of 158.6% from the April 30th total of 95,106 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average trading volume of 117,712 shares, the short-interest ratio is presently 2.1 days.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

MUJ stock traded down $0.04 during trading on Monday, reaching $12.21. The company had a trading volume of 59,937 shares, compared to its average volume of 102,199. BlackRock MuniHoldings New Jersey Quality Fund has a 52 week low of $10.66 and a 52 week high of $12.68. The business has a 50 day moving average of $12.00 and a 200 day moving average of $12.09.

Hedge Funds Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

A number of institutional investors have recently bought and sold shares of MUJ. Cary Street Partners Investment Advisory LLC bought a new position in BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter worth $60,000. Elyxium Wealth LLC bought a new position in BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter worth $69,000. Nomura Holdings Inc. bought a new position in BlackRock MuniHoldings New Jersey Quality Fund in the second quarter worth $110,000. Sanctuary Advisors LLC bought a new position in BlackRock MuniHoldings New Jersey Quality Fund in the first quarter worth $124,000. Finally, Green Ridge Wealth Planning LLC bought a new position in BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter worth $133,000. 15.13% of the stock is owned by 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.