Short Interest in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Grows By 31.7%

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC - Get Free Report) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totalling 127,900 shares, an increase of 31.7% from the April 30th total of 97,100 shares. Based on an average trading volume of 212,700 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the company's shares are short sold.

BlackRock MuniHoldings California Quality Fund Stock Performance

Shares of MUC stock traded down $0.03 during trading on Friday, hitting $10.29. 165,547 shares of the company were exchanged, compared to its average volume of 250,003. The business's 50-day simple moving average is $10.42 and its 200 day simple moving average is $10.72. BlackRock MuniHoldings California Quality Fund has a twelve month low of $9.97 and a twelve month high of $11.64.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a $0.0535 dividend. This represents a $0.64 annualized dividend and a dividend yield of 6.24%. The ex-dividend date is Friday, June 13th.

Institutional Trading of BlackRock MuniHoldings California Quality Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. raised its holdings in BlackRock MuniHoldings California Quality Fund by 13.0% in the 1st quarter. Advisors Asset Management Inc. now owns 649,202 shares of the company's stock worth $6,953,000 after acquiring an additional 74,932 shares during the period. Baird Financial Group Inc. grew its position in shares of BlackRock MuniHoldings California Quality Fund by 37.7% in the first quarter. Baird Financial Group Inc. now owns 38,079 shares of the company's stock valued at $408,000 after purchasing an additional 10,416 shares during the last quarter. Guggenheim Capital LLC increased its stake in shares of BlackRock MuniHoldings California Quality Fund by 2.8% in the first quarter. Guggenheim Capital LLC now owns 1,634,966 shares of the company's stock worth $17,510,000 after purchasing an additional 44,484 shares during the period. Thomas J. Herzfeld Advisors Inc. lifted its holdings in shares of BlackRock MuniHoldings California Quality Fund by 8.4% during the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 233,897 shares of the company's stock worth $2,505,000 after buying an additional 18,204 shares during the last quarter. Finally, Van Hulzen Asset Management LLC boosted its holdings in BlackRock MuniHoldings California Quality Fund by 16.6% in the 1st quarter. Van Hulzen Asset Management LLC now owns 10,693 shares of the company's stock valued at $115,000 after purchasing an additional 1,519 shares during the period. Institutional investors and hedge funds own 30.99% of the company's stock.

About BlackRock MuniHoldings California Quality Fund

BlackRock MuniHoldings California Quality Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in a portfolio of long-term investment-grade municipal obligations, the interest on which is exempt from Federal and California income taxes.