BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Short Interest Update

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 45,934 shares, a decrease of 44.4% from the May 14th total of 82,546 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 284,563 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On BlackRock MuniHoldings California Quality Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Western Wealth Management LLC acquired a new stake in shares of BlackRock MuniHoldings California Quality Fund in the 1st quarter valued at about $633,000. Bank of America Corp DE raised its stake in shares of BlackRock MuniHoldings California Quality Fund by 21.0% in the 1st quarter. Bank of America Corp DE now owns 2,268,949 shares of the company’s stock valued at $23,597,000 after purchasing an additional 393,995 shares in the last quarter. Royal Bank of Canada raised its stake in shares of BlackRock MuniHoldings California Quality Fund by 32.8% in the 1st quarter. Royal Bank of Canada now owns 181,076 shares of the company’s stock valued at $1,883,000 after purchasing an additional 44,769 shares in the last quarter. Vivaldi Capital Management LP raised its stake in shares of BlackRock MuniHoldings California Quality Fund by 196.6% in the 1st quarter. Vivaldi Capital Management LP now owns 68,301 shares of the company’s stock valued at $710,000 after purchasing an additional 45,276 shares in the last quarter. Finally, Hollencrest Capital Management raised its stake in shares of BlackRock MuniHoldings California Quality Fund by 35.8% in the 1st quarter. Hollencrest Capital Management now owns 307,635 shares of the company’s stock valued at $3,199,000 after purchasing an additional 81,115 shares in the last quarter. 30.99% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniHoldings California Quality Fund Stock Performance

NYSE:MUC traded up $0.03 on Tuesday, reaching $10.78. The stock had a trading volume of 242,025 shares, compared to its average volume of 279,263. The company has a 50-day moving average of $10.74 and a 200 day moving average of $10.74. BlackRock MuniHoldings California Quality Fund has a 12-month low of $10.00 and a 12-month high of $11.04.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a $0.0535 dividend. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Tuesday, September 15th.

About BlackRock MuniHoldings California Quality Fund

BlackRock MuniHoldings California Quality Fund (NYSE: MUC) is a closed-end management investment company that seeks to provide high-quality, federally and California tax-exempt income. The fund primarily invests in investment-grade municipal obligations issued by or on behalf of entities located in California, including general obligation bonds and revenue bonds that finance public projects such as schools, transportation infrastructure and utilities.

The fund’s portfolio construction emphasizes credit quality and geographic concentration, targeting bonds rated at or above investment grade by nationally recognized statistical rating organizations.