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 growth in short interest in January. As of January 30th, there was short interest totaling 114,530 shares, a growth of 34.1% from the January 15th total of 85,379 shares. Based on an average trading volume of 126,372 shares, the days-to-cover ratio is currently 0.9 days. Based on an average trading volume of 126,372 shares, the days-to-cover ratio is currently 0.9 days.

BlackRock MuniHoldings New Jersey Quality Fund Stock Performance

BlackRock MuniHoldings New Jersey Quality Fund stock traded down $0.01 during mid-day trading on Monday, reaching $12.32. The stock had a trading volume of 16,674 shares, compared to its average volume of 112,914. BlackRock MuniHoldings New Jersey Quality Fund has a one year low of $10.50 and a one year high of $12.48. The company has a 50-day moving average price of $12.12 and a two-hundred day moving average price of $11.70.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be paid a $0.054 dividend. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Friday, March 13th.

Hedge Funds Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

A number of hedge funds have recently added to or reduced their stakes in MUJ. Cary Street Partners Investment Advisory LLC bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter worth $60,000. Elyxium Wealth LLC bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter valued at $69,000. Nomura Holdings Inc. purchased a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the second quarter valued at $110,000. Janney Montgomery Scott LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the 2nd quarter worth about $113,000. Finally, Cary Street Partners Financial LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter worth about $133,000. 15.13% of the stock is currently owned by hedge funds and other institutional investors.

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.