BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Sees Large Decrease in Short Interest

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ - Get Free Report) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 13,500 shares, a decrease of 53.8% from the March 15th total of 29,200 shares. Based on an average daily trading volume, of 57,800 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MUJ. PNC Financial Services Group Inc. bought a new position in BlackRock MuniHoldings New Jersey Quality Fund in the 1st quarter valued at $33,000. Principal Securities Inc. purchased a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter valued at $40,000. FMR LLC purchased a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 1st quarter valued at $41,000. JPMorgan Chase & Co. purchased a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter worth about $88,000. Finally, Nomura Holdings Inc. purchased a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the 1st quarter worth about $114,000. Institutional investors own 15.13% of the company's stock.

BlackRock MuniHoldings New Jersey Quality Fund Trading Up 0.3 %

BlackRock MuniHoldings New Jersey Quality Fund stock traded up $0.03 during trading on Thursday, hitting $11.34. 45,229 shares of the company were exchanged, compared to its average volume of 95,100. The business's 50 day moving average is $11.50 and its 200 day moving average is $11.06. BlackRock MuniHoldings New Jersey Quality Fund has a 52 week low of $9.73 and a 52 week high of $11.70.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.60 annualized dividend and a yield of 5.29%.

About BlackRock MuniHoldings New Jersey Quality Fund

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.