BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Short Interest Update

Key Points

• Short interest rose 33.2% to 80,379 shares as of March 31, equal to about 0.1% of the stock with a days-to-cover ratio of just 0.3 days.
• The fund declared a monthly dividend of $0.0535 per share (ex-dividend June 15), implying an annualized yield of about 5.9%.
• Institutional investors own roughly 30.99% of the fund, with Bank of America boosting its stake to 1,625,091 shares (about $16.82M).

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC - Get Free Report) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totaling 80,379 shares, a growth of 33.2% from the March 15th total of 60,343 shares. Based on an average daily trading volume, of 282,829 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company's stock are sold short.

Institutional Trading of BlackRock MuniHoldings California Quality Fund

A number of hedge funds have recently made changes to their positions in MUC. Cerity Partners LLC grew its position in shares of BlackRock MuniHoldings California Quality Fund by 6.5% during the second quarter. Cerity Partners LLC now owns 43,407 shares of the company's stock worth $449,000 after buying an additional 2,646 shares in the last quarter. Jane Street Group LLC acquired a new position in BlackRock MuniHoldings California Quality Fund in the second quarter worth $661,000. Bank of America Corp DE boosted its holdings in BlackRock MuniHoldings California Quality Fund by 6.6% in the second quarter. Bank of America Corp DE now owns 1,625,091 shares of the company's stock worth $16,820,000 after purchasing an additional 100,434 shares during the period. WFA of San Diego LLC acquired a new position in BlackRock MuniHoldings California Quality Fund in the second quarter worth $26,000. Finally, Nomura Holdings Inc. acquired a new position in BlackRock MuniHoldings California Quality Fund in the second quarter worth $104,000. Institutional investors and hedge funds own 30.99% of the company's stock.

BlackRock MuniHoldings California Quality Fund Stock Up 0.9%

Shares of MUC stock traded up $0.10 during mid-day trading on Friday, reaching $10.81. 182,142 shares of the company were exchanged, compared to its average volume of 273,818. BlackRock MuniHoldings California Quality Fund has a fifty-two week low of $10.00 and a fifty-two week high of $11.04. The business's 50 day simple moving average is $10.73 and its 200 day simple moving average is $10.75.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a dividend of $0.0535 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%.

About BlackRock MuniHoldings California Quality Fund

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.

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