BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) Sees Large Increase in Short Interest

BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 105,526 shares, a growth of 662.2% from the December 31st total of 13,845 shares. Based on an average daily volume of 113,987 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 113,987 shares, the days-to-cover ratio is currently 0.9 days.

BlackRock MuniHoldings Fund Price Performance

NYSE:MHD traded up $0.05 on Wednesday, reaching $11.90. The stock had a trading volume of 112,989 shares, compared to its average volume of 123,977. BlackRock MuniHoldings Fund has a 1-year low of $10.79 and a 1-year high of $12.34. The stock has a fifty day moving average price of $11.73 and a 200-day moving average price of $11.56.

BlackRock MuniHoldings Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a $0.0595 dividend. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Friday, March 13th.

Hedge Funds Weigh In On BlackRock MuniHoldings Fund

Several institutional investors have recently bought and sold shares of MHD. Noble Wealth Management PBC boosted its holdings in BlackRock MuniHoldings Fund by 4.7% in the fourth quarter. Noble Wealth Management PBC now owns 19,136 shares of the company’s stock valued at $225,000 after acquiring an additional 866 shares during the last quarter. Osaic Holdings Inc. lifted its position in BlackRock MuniHoldings Fund by 7.0% during the 2nd quarter. Osaic Holdings Inc. now owns 18,716 shares of the company’s stock valued at $210,000 after purchasing an additional 1,227 shares during the period. Park Avenue Securities LLC boosted its stake in shares of BlackRock MuniHoldings Fund by 1.3% in the 4th quarter. Park Avenue Securities LLC now owns 102,364 shares of the company’s stock valued at $1,202,000 after purchasing an additional 1,317 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of BlackRock MuniHoldings Fund by 0.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 531,747 shares of the company’s stock valued at $6,248,000 after purchasing an additional 1,913 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of BlackRock MuniHoldings Fund by 6.3% during the 1st quarter. NewEdge Advisors LLC now owns 32,543 shares of the company’s stock worth $382,000 after buying an additional 1,937 shares during the period.

BlackRock MuniHoldings Fund Company Profile

BlackRock MuniHoldings Fund (NYSE:MHD) is a closed-end management investment company focused on delivering tax-exempt income through a diversified portfolio of municipal securities. The fund’s primary objective is to seek current income exempt from federal income tax, making it a potential option for investors looking to enhance after-tax yield in a fixed-income allocation.

The fund invests predominantly in investment-grade municipal bonds issued by state and local governments, authorities and agencies across the United States.