Short Interest in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Drops By 85.8%

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) was the target of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 104,553 shares, a decrease of 85.8% from the January 29th total of 736,471 shares. Based on an average daily volume of 288,418 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 288,418 shares, the days-to-cover ratio is presently 0.4 days.

BlackRock MuniHoldings California Quality Fund Stock Performance

NYSE:MUC traded down $0.01 during midday trading on Wednesday, reaching $10.92. The stock had a trading volume of 277,209 shares, compared to its average volume of 250,764. The firm has a fifty day simple moving average of $10.80 and a two-hundred day simple moving average of $10.70. BlackRock MuniHoldings California Quality Fund has a 12-month low of $9.97 and a 12-month high of $11.13.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The firm 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 $0.0535 dividend. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Friday, March 13th.

Hedge Funds Weigh In On BlackRock MuniHoldings California Quality Fund

A number of large investors have recently modified their holdings of MUC. WFA of San Diego LLC acquired a new stake in shares of BlackRock MuniHoldings California Quality Fund in the 2nd quarter valued at approximately $26,000. Elyxium Wealth LLC purchased a new position in BlackRock MuniHoldings California Quality Fund in the fourth quarter worth $69,000. Nomura Holdings Inc. purchased a new position in BlackRock MuniHoldings California Quality Fund in the second quarter worth $104,000. Pasadena Private Wealth LLC acquired a new stake in BlackRock MuniHoldings California Quality Fund in the fourth quarter valued at $106,000. Finally, Sanders Morris Harris LLC purchased a new stake in shares of BlackRock MuniHoldings California Quality Fund during the 3rd quarter worth $108,000. 30.99% of the stock is owned by hedge funds and other institutional investors.

About BlackRock MuniHoldings California Quality Fund

BlackRock MuniHoldings California Quality Fund (NYSE: MUC) is a closed-end management investment company that seeks to provide high-quality, federally and California tax-exempt income. The fund primarily invests in investment-grade municipal obligations issued by or on behalf of entities located in California, including general obligation bonds and revenue bonds that finance public projects such as schools, transportation infrastructure and utilities.

The fund’s portfolio construction emphasizes credit quality and geographic concentration, targeting bonds rated at or above investment grade by nationally recognized statistical rating organizations.