BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Short Interest Down 27.5% in December

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 179,582 shares, a decrease of 27.5% from the December 15th total of 247,641 shares. Based on an average daily trading volume, of 138,735 shares, the short-interest ratio is currently 1.3 days. Based on an average daily trading volume, of 138,735 shares, the short-interest ratio is currently 1.3 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its position in BlackRock MuniHoldings New Jersey Quality Fund by 2.8% in the 1st quarter. Royal Bank of Canada now owns 51,595 shares of the financial services provider’s stock valued at $580,000 after buying an additional 1,400 shares during the last quarter. Wealth Effects LLC grew its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 47.0% in the 2nd quarter. Wealth Effects LLC now owns 31,294 shares of the financial services provider’s stock worth $343,000 after acquiring an additional 10,000 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the second quarter valued at about $113,000. Melfa Wealth Management Inc. lifted its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 22.6% during the second quarter. Melfa Wealth Management Inc. now owns 53,477 shares of the financial services provider’s stock valued at $586,000 after purchasing an additional 9,858 shares in the last quarter. Finally, PFG Investments LLC boosted its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 11.3% during the second quarter. PFG Investments LLC now owns 19,773 shares of the financial services provider’s stock worth $217,000 after purchasing an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 15.13% of the company’s stock.

BlackRock MuniHoldings New Jersey Quality Fund Stock Up 0.3%

Shares of NYSE MUJ traded up $0.04 during mid-day trading on Friday, reaching $12.17. 68,597 shares of the company’s stock traded hands, compared to its average volume of 93,815. The business has a 50-day simple moving average of $11.97 and a 200 day simple moving average of $11.49. BlackRock MuniHoldings New Jersey Quality Fund has a 1-year low of $10.50 and a 1-year high of $12.19.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.054 per share. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Friday, March 13th.

About BlackRock MuniHoldings New Jersey Quality Fund

BlackRock MuniHoldings New Jersey Quality Fund (NYSE: MUJ) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and New Jersey state income taxes. The fund primarily invests in investment-grade municipal securities issued by or on behalf of the State of New Jersey and its municipalities, authorities, and instrumentalities. By concentrating on high-quality New Jersey public finance obligations, MUJ aims to offer tax-efficient income for investors with exposure to the state’s credit profile.

The fund’s portfolio is actively managed by BlackRock’s municipal fixed income team, which conducts credit analysis and sector allocation to identify opportunities within New Jersey’s diverse municipal marketplace.