BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) Sees Significant Growth in Short Interest

BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 137,500 shares, a growth of 151.8% from the August 31st total of 54,600 shares. Based on an average daily volume of 96,800 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Investors Weigh In On BlackRock MuniHoldings Fund

Several institutional investors have recently made changes to their positions in MHD. Wolverine Asset Management LLC bought a new stake in shares of BlackRock MuniHoldings Fund during the 2nd quarter worth approximately $91,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of BlackRock MuniHoldings Fund during the second quarter worth $103,000. Insigneo Advisory Services LLC purchased a new stake in shares of BlackRock MuniHoldings Fund during the second quarter valued at $121,000. Concourse Financial Group Securities Inc. boosted its stake in shares of BlackRock MuniHoldings Fund by 24.6% during the first quarter. Concourse Financial Group Securities Inc. now owns 10,962 shares of the company’s stock valued at $133,000 after purchasing an additional 2,165 shares during the period. Finally, Essex Financial Services Inc. bought a new position in shares of BlackRock MuniHoldings Fund in the second quarter worth about $140,000.

BlackRock MuniHoldings Fund Stock Down 0.3 %

Shares of NYSE:MHD traded down $0.04 during trading on Friday, reaching $12.68. The company’s stock had a trading volume of 79,160 shares, compared to its average volume of 102,485. The firm’s 50 day simple moving average is $12.38 and its two-hundred day simple moving average is $12.03. BlackRock MuniHoldings Fund has a 12 month low of $9.92 and a 12 month high of $12.96.

BlackRock MuniHoldings Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a $0.0595 dividend. This is a boost from BlackRock MuniHoldings Fund’s previous monthly dividend of $0.05. The ex-dividend date is Tuesday, October 15th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 5.63%.

BlackRock MuniHoldings Fund Company Profile

BlackRock MuniHoldings 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 the fixed income markets of the United States. It primarily invests in investment grade municipal bonds that are exempt from federal income taxes.