Short Interest in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Increases By 397.0%

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 82,000 shares, an increase of 397.0% from the February 28th total of 16,500 shares. Based on an average daily volume of 292,500 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

BlackRock MuniHoldings California Quality Fund Stock Up 0.2 %

MUC opened at $10.69 on Friday. The firm’s fifty day simple moving average is $10.87 and its 200 day simple moving average is $11.05. BlackRock MuniHoldings California Quality Fund has a 12 month low of $10.52 and a 12 month high of $11.64.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders 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%.

Hedge Funds Weigh In On BlackRock MuniHoldings California Quality Fund

A number of large investors have recently modified their holdings of MUC. Atria Wealth Solutions Inc. boosted its position in BlackRock MuniHoldings California Quality Fund by 30.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 167,437 shares of the company’s stock valued at $1,780,000 after purchasing an additional 38,842 shares during the last quarter. SteelPeak Wealth LLC acquired a new stake in shares of BlackRock MuniHoldings California Quality Fund in the 4th quarter valued at approximately $248,000. PNC Financial Services Group Inc. boosted its holdings in shares of BlackRock MuniHoldings California Quality Fund by 255.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 96,220 shares of the company’s stock valued at $1,023,000 after buying an additional 69,136 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of BlackRock MuniHoldings California Quality Fund by 10.7% in the fourth quarter. Advisors Asset Management Inc. now owns 574,270 shares of the company’s stock valued at $6,104,000 after buying an additional 55,557 shares in the last quarter. Finally, Dakota Wealth Management increased its holdings in BlackRock MuniHoldings California Quality Fund by 43.5% during the fourth quarter. Dakota Wealth Management now owns 186,176 shares of the company’s stock worth $1,979,000 after buying an additional 56,400 shares during the last quarter. 30.99% of the stock is currently owned by institutional investors and hedge funds.

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.