BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Short Interest Update

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 82,000 shares, a growth of 397.0% from the February 28th total of 16,500 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 292,500 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of BlackRock MuniHoldings California Quality Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of MUC. Rivernorth Capital Management LLC boosted its position in shares of BlackRock MuniHoldings California Quality Fund by 7.1% in the third quarter. Rivernorth Capital Management LLC now owns 2,537,611 shares of the company’s stock worth $29,233,000 after purchasing an additional 167,785 shares during the period. Bank of America Corp DE boosted its holdings in BlackRock MuniHoldings California Quality Fund by 6.1% in the 4th quarter. Bank of America Corp DE now owns 1,604,841 shares of the company’s stock worth $17,059,000 after buying an additional 92,731 shares during the period. Guggenheim Capital LLC increased its stake in BlackRock MuniHoldings California Quality Fund by 24.5% in the 4th quarter. Guggenheim Capital LLC now owns 1,590,482 shares of the company’s stock worth $16,907,000 after buying an additional 313,310 shares in the last quarter. Wells Fargo & Company MN raised its holdings in BlackRock MuniHoldings California Quality Fund by 4.3% during the fourth quarter. Wells Fargo & Company MN now owns 748,692 shares of the company’s stock valued at $7,959,000 after acquiring an additional 30,963 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in BlackRock MuniHoldings California Quality Fund by 10.7% during the fourth quarter. Advisors Asset Management Inc. now owns 574,270 shares of the company’s stock valued at $6,104,000 after acquiring an additional 55,557 shares during the period. Hedge funds and other institutional investors own 30.99% of the company’s stock.

BlackRock MuniHoldings California Quality Fund Trading Up 0.2 %

Shares of BlackRock MuniHoldings California Quality Fund stock traded up $0.03 on Friday, hitting $10.69. 165,234 shares of the company’s stock were exchanged, compared to its average volume of 231,115. BlackRock MuniHoldings California Quality Fund has a 1 year low of $10.52 and a 1 year high of $11.64. The company has a 50-day simple moving average of $10.87 and a 200-day simple moving average of $11.05.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.0535 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.64 annualized dividend and a yield of 6.01%.

BlackRock MuniHoldings California Quality Fund Company Profile

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.