BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Sees Large Drop in Short Interest

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) was the recipient of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 104,553 shares, a decrease of 85.8% from the January 29th total of 736,471 shares. Based on an average daily trading volume, of 288,418 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 288,418 shares, the days-to-cover ratio is presently 0.4 days.

BlackRock MuniHoldings California Quality Fund Stock Up 0.1%

NYSE MUC traded up $0.01 during trading on Friday, reaching $10.91. 226,385 shares of the company’s stock were exchanged, compared to its average volume of 240,879. The company has a 50 day moving average price of $10.81 and a two-hundred day moving average price of $10.71. BlackRock MuniHoldings California Quality Fund has a 1 year low of $9.97 and a 1 year high of $11.13.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a dividend of $0.0535 per share. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a yield of 5.9%.

Hedge Funds Weigh In On BlackRock MuniHoldings California Quality Fund

Several hedge funds have recently added to or reduced their stakes in MUC. WFA of San Diego LLC purchased a new position in BlackRock MuniHoldings California Quality Fund during the 2nd quarter worth $26,000. Elyxium Wealth LLC acquired a new stake in shares of BlackRock MuniHoldings California Quality Fund during the fourth quarter worth about $69,000. Nomura Holdings Inc. acquired a new stake in shares of BlackRock MuniHoldings California Quality Fund during the second quarter worth about $104,000. Pasadena Private Wealth LLC purchased a new position in shares of BlackRock MuniHoldings California Quality Fund during the fourth quarter worth about $106,000. Finally, Sanders Morris Harris LLC acquired a new position in BlackRock MuniHoldings California Quality Fund in the 3rd quarter valued at about $108,000. 30.99% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniHoldings California Quality Fund Company Profile

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.