BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Short Interest Update

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 79,306 shares, a decrease of 67.8% from the May 14th total of 245,959 shares. Based on an average trading volume of 109,436 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MUJ. Royal Bank of Canada grew its stake in BlackRock MuniHoldings New Jersey Quality Fund by 2.8% during the 1st quarter. Royal Bank of Canada now owns 51,595 shares of the financial services provider’s stock worth $580,000 after buying an additional 1,400 shares during the last quarter. Peapack Gladstone Financial Corp grew its stake in BlackRock MuniHoldings New Jersey Quality Fund by 8.3% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 32,859 shares of the financial services provider’s stock worth $360,000 after buying an additional 2,522 shares during the last quarter. Bank of America Corp DE grew its stake in BlackRock MuniHoldings New Jersey Quality Fund by 7.6% during the 2nd quarter. Bank of America Corp DE now owns 449,183 shares of the financial services provider’s stock worth $4,919,000 after buying an additional 31,816 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 2nd quarter valued at approximately $110,000. Finally, Osaic Holdings Inc. grew its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 26.8% in the 2nd quarter. Osaic Holdings Inc. now owns 54,095 shares of the financial services provider’s stock valued at $593,000 after purchasing an additional 11,438 shares during the last quarter. Hedge funds and other institutional investors own 15.13% of the company’s stock.

BlackRock MuniHoldings New Jersey Quality Fund Trading Down 0.1%

Shares of MUJ traded down $0.01 during mid-day trading on Friday, reaching $12.38. The company’s stock had a trading volume of 84,079 shares, compared to its average volume of 98,418. BlackRock MuniHoldings New Jersey Quality Fund has a 12-month low of $10.66 and a 12-month high of $12.68. The company’s 50 day moving average is $12.11 and its 200 day moving average is $12.13.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a dividend of $0.054 per share. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Tuesday, September 15th.

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.