BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Short Interest Down 27.2% in April

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC - Get Free Report) saw a large decrease in short interest in April. As of April 30th, there was short interest totalling 27,000 shares, a decrease of 27.2% from the April 15th total of 37,100 shares. Based on an average daily trading volume, of 214,400 shares, the days-to-cover ratio is currently 0.1 days.

BlackRock MuniHoldings California Quality Fund Trading Down 0.5 %

Shares of NYSE:MUC traded down $0.05 during trading hours on Friday, reaching $10.89. The stock had a trading volume of 285,379 shares, compared to its average volume of 214,590. BlackRock MuniHoldings California Quality Fund has a 1 year low of $9.19 and a 1 year high of $11.30. The firm's 50 day moving average is $10.91 and its 200-day moving average is $10.80.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be given a $0.0485 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date of this dividend is Tuesday, May 14th.

Institutional Investors Weigh In On BlackRock MuniHoldings California Quality Fund

A number of large investors have recently modified their holdings of MUC. Saba Capital Management L.P. increased its position in shares of BlackRock MuniHoldings California Quality Fund by 93.2% in the 3rd quarter. Saba Capital Management L.P. now owns 3,874,186 shares of the company's stock valued at $37,037,000 after purchasing an additional 1,868,475 shares during the last quarter. Karpus Management Inc. grew its position in shares of BlackRock MuniHoldings California Quality Fund by 17.6% in the 3rd quarter. Karpus Management Inc. now owns 3,541,791 shares of the company's stock valued at $33,860,000 after buying an additional 529,289 shares during the last quarter. AQR Arbitrage LLC grew its position in shares of BlackRock MuniHoldings California Quality Fund by 102.2% in the 3rd quarter. AQR Arbitrage LLC now owns 508,322 shares of the company's stock valued at $4,860,000 after buying an additional 256,925 shares during the last quarter. Robinson Capital Management LLC grew its position in shares of BlackRock MuniHoldings California Quality Fund by 87.7% in the 4th quarter. Robinson Capital Management LLC now owns 536,459 shares of the company's stock valued at $5,987,000 after buying an additional 250,645 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of BlackRock MuniHoldings California Quality Fund by 20.7% in the 4th quarter. Wells Fargo & Company MN now owns 667,335 shares of the company's stock valued at $7,427,000 after buying an additional 114,323 shares during the last quarter. 30.99% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.