BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Short Interest Up 55.3% in August

Key Points

• Short interest increased 55.3% in August to 48,896 shares, though short positions represent approximately 0.0% of shares outstanding and the days-to-cover ratio is just 0.1.
• MUC opened at $10.57, within its one-year range of $10.20 to $11.16, while its 50-day and 200-day moving averages were $10.79 and $10.76, respectively.
• The fund declared a monthly dividend of $0.0535 per share, implying a 6.1% annualized yield; institutional investors own 30.99% of the outstanding shares.

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC - Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 48,896 shares, an increase of 55.3% from the July 30th total of 31,487 shares. Based on an average trading volume of 399,757 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

BlackRock MuniHoldings California Quality Fund Stock Performance

MUC opened at $10.57 on Tuesday. BlackRock MuniHoldings California Quality Fund has a 1-year low of $10.20 and a 1-year high of $11.16. The firm has a 50-day moving average price of $10.79 and a two-hundred day moving average price of $10.76.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.0535 per share. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Readystate Asset Management LP bought a new position in BlackRock MuniHoldings California Quality Fund in the second quarter valued at approximately $240,000. Susquehanna International Group LLP increased its stake in BlackRock MuniHoldings California Quality Fund by 48.1% during the 2nd quarter. Susquehanna International Group LLP now owns 22,160 shares of the company's stock worth $244,000 after purchasing an additional 7,201 shares in the last quarter. Wedbush Securities Inc. boosted its holdings in shares of BlackRock MuniHoldings California Quality Fund by 5.2% in the second quarter. Wedbush Securities Inc. now owns 126,730 shares of the company's stock valued at $1,393,000 after buying an additional 6,298 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of BlackRock MuniHoldings California Quality Fund by 5.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 709,302 shares of the company's stock valued at $7,795,000 after buying an additional 35,327 shares during the period. Finally, Avior Wealth Management LLC increased its position in shares of BlackRock MuniHoldings California Quality Fund by 84.9% during the second quarter. Avior Wealth Management LLC now owns 18,668 shares of the company's stock worth $205,000 after acquiring an additional 8,574 shares in the last quarter. Institutional investors own 30.99% of the company's stock.

BlackRock MuniHoldings California Quality Fund Company Profile

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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