BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ - Get Free Report) saw a large decrease in short interest in May. As of May 15th, there was short interest totalling 39,600 shares, a decrease of 39.8% from the April 30th total of 65,800 shares. Based on an average trading volume of 102,000 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are short sold.
BlackRock MuniHoldings New Jersey Quality Fund Trading Down 0.3%
MUJ traded down $0.03 during trading on Monday, reaching $10.89. 104,037 shares of the company traded hands, compared to its average volume of 113,966. BlackRock MuniHoldings New Jersey Quality Fund has a 12-month low of $10.50 and a 12-month high of $12.24. The firm has a fifty day simple moving average of $10.99 and a 200 day simple moving average of $11.29.
BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be issued a $0.054 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date of this dividend is Thursday, May 15th.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Mountain Hill Investment Partners Corp. purchased a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter valued at $49,000. Wolverine Asset Management LLC purchased a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter valued at $69,000. Elequin Capital LP purchased a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter valued at $82,000. Citadel Advisors LLC purchased a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter valued at $116,000. Finally, Nuveen Asset Management LLC purchased a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter valued at $128,000. 15.13% of the stock is owned by hedge funds and other institutional investors.
BlackRock MuniHoldings New Jersey Quality Fund Company Profile
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BlackRock MuniHoldings New Jersey Quality Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of United States. The fund invests primarily in long-term, investment grade municipal obligations exempt from federal income taxes and New Jersey personal income taxes.
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