BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Shares Shorted: Short Interest Up 116.4% in September

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 304,120 shares, an increase of 116.4% from the August 31st total of 140,551 shares. Based on an average daily volume of 133,190 shares, the short-interest ratio is presently 2.3 days. Approximately 0.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fiera Capital Corp lifted its stake in BlackRock MuniHoldings New Jersey Quality Fund by 51.8% in the fourth quarter. Fiera Capital Corp now owns 394,623 shares of the financial services provider’s stock valued at $4,696,000 after buying an additional 134,600 shares during the last quarter. Closed End Fund Advisors Inc. bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter worth about $256,000. Cary Street Partners Financial LLC acquired a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter worth about $133,000. Readystate Asset Management LP acquired a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 2nd quarter worth about $131,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the 2nd quarter valued at about $62,000. Institutional investors and hedge funds own 15.13% of the company’s stock.

BlackRock MuniHoldings New Jersey Quality Fund Trading Up 0.1%

Shares of BlackRock MuniHoldings New Jersey Quality Fund stock traded up $0.01 during trading hours on Tuesday, reaching $11.15. The company’s stock had a trading volume of 279,999 shares, compared to its average volume of 101,887. BlackRock MuniHoldings New Jersey Quality Fund has a one year low of $11.01 and a one year high of $12.68. The company’s 50 day simple moving average is $12.00 and its 200 day simple moving average is $12.09.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be issued a dividend of $0.0540 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.65 annualized dividend and a dividend yield of 5.8%.

About BlackRock MuniHoldings New Jersey Quality Fund

BlackRock MuniHoldings New Jersey Quality Fund, Inc is a closed-end municipal bond fund listed on the New York Stock Exchange under the symbol MUJ. The fund seeks to provide current income that is exempt from regular U.S. federal income tax and New Jersey personal income tax.

The fund invests primarily in long-term municipal obligations issued by or on behalf of New Jersey and its municipalities, authorities, and other governmental entities. Its portfolio may include bonds that finance public infrastructure and services such as schools, transportation systems, utilities, health care facilities, and housing projects.