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

BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 153,351 shares, a decrease of 39.2% from the September 15th total of 252,361 shares. Based on an average daily volume of 1,043,431 shares, the days-to-cover ratio is presently 0.1 days.

BlackRock MuniHoldings Fund Trading Up 1.5%

Shares of BlackRock MuniHoldings Fund stock traded up $0.15 during trading on Friday, hitting $10.49. The stock had a trading volume of 2,432,910 shares, compared to its average volume of 460,948. BlackRock MuniHoldings Fund has a 12 month low of $9.98 and a 12 month high of $12.08. The business’s 50-day moving average is $10.93 and its 200 day moving average is $11.41.

BlackRock MuniHoldings Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be given a dividend of $0.0595 per share. The ex-dividend date is Friday, December 11th. This represents a $0.71 annualized dividend and a dividend yield of 6.8%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Hollencrest Capital Management purchased a new position in BlackRock MuniHoldings Fund in the 1st quarter worth approximately $26,000. MCF Advisors LLC bought a new stake in shares of BlackRock MuniHoldings Fund in the second quarter worth about $27,000. Pinnacle Bancorp Inc. bought a new stake in shares of BlackRock MuniHoldings Fund in the first quarter worth about $38,000. First Bancorp Inc ME bought a new position in BlackRock MuniHoldings Fund during the 2nd quarter valued at approximately $42,000. Finally, Caldwell Trust Co bought a new stake in shares of BlackRock MuniHoldings Fund in the 1st quarter worth approximately $93,000.

About BlackRock MuniHoldings Fund

BlackRock MuniHoldings Fund, Inc is a closed-end investment fund listed on the New York Stock Exchange under the ticker MHD. The fund is managed by BlackRock Advisors, LLC, an affiliate of BlackRock, Inc, and is designed to provide investors with access to a professionally managed portfolio of municipal securities.

The fund invests primarily in long-term municipal obligations issued by state and local governments, their agencies, and other public entities in the United States. Its investment strategy focuses on generating current income that is generally exempt from regular U.S.