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

Key Points

• Short interest fell sharply: Short interest dropped 60.4% to 65,743 shares as of March 31 (about 0.1% of shares), with a short-interest ratio of just 0.5 days based on average daily volume.
• Monthly dividend announced: The fund declared a $0.054 monthly dividend payable July 1 (record/ex‑dividend date June 15), implying an annualized yield of about 5.4%.
• Institutional buying: Several firms (including Fiera, Guggenheim, Breakwater and new positions from Strategic Advisors and Allspring) added to or initiated stakes, with institutions owning 15.13% of the fund.

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ - Get Free Report) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 65,743 shares, a decrease of 60.4% from the March 15th total of 165,836 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 127,821 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

A number of institutional investors have recently made changes to their positions in MUJ. Strategic Advisors LLC bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 3rd quarter worth $2,089,000. Fiera Capital Corp boosted its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 51.8% in the 4th quarter. Fiera Capital Corp now owns 394,623 shares of the financial services provider's stock valued at $4,696,000 after purchasing an additional 134,600 shares in the last quarter. Guggenheim Capital LLC boosted its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 18.4% in the 4th quarter. Guggenheim Capital LLC now owns 552,534 shares of the financial services provider's stock valued at $6,575,000 after purchasing an additional 85,935 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 3rd quarter valued at $838,000. Finally, Breakwater Capital Group boosted its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 35.4% in the 3rd quarter. Breakwater Capital Group now owns 194,398 shares of the financial services provider's stock valued at $2,253,000 after purchasing an additional 50,797 shares in the last quarter. Institutional investors own 15.13% of the company's stock.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

Shares of NYSE:MUJ traded down $0.02 during trading on Friday, reaching $11.90. The company had a trading volume of 83,221 shares, compared to its average volume of 124,120. The company has a fifty day moving average of $12.16 and a two-hundred day moving average of $11.97. BlackRock MuniHoldings New Jersey Quality Fund has a 12 month low of $10.50 and a 12 month high of $12.68.

BlackRock MuniHoldings New Jersey 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 issued a $0.054 dividend. 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 5.4%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.