Short Interest in BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) Drops By 45.6%

BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 20,348 shares, a drop of 45.6% from the November 30th total of 37,406 shares. Based on an average daily trading volume, of 166,989 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 166,989 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On BlackRock MuniHoldings Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC grew its holdings in BlackRock MuniHoldings Fund by 82.1% during the 3rd quarter. NewEdge Advisors LLC now owns 58,907 shares of the company’s stock worth $692,000 after acquiring an additional 26,561 shares during the period. City of London Investment Management Co. Ltd. grew its stake in shares of BlackRock MuniHoldings Fund by 52.7% during the third quarter. City of London Investment Management Co. Ltd. now owns 371,247 shares of the company’s stock worth $4,362,000 after purchasing an additional 128,150 shares during the period. Van ECK Associates Corp increased its holdings in BlackRock MuniHoldings Fund by 14.6% in the third quarter. Van ECK Associates Corp now owns 378,018 shares of the company’s stock valued at $4,442,000 after purchasing an additional 48,207 shares during the last quarter. Fifth Third Bancorp acquired a new position in BlackRock MuniHoldings Fund in the third quarter valued at about $30,000. Finally, Advisors Asset Management Inc. boosted its holdings in BlackRock MuniHoldings Fund by 0.4% during the third quarter. Advisors Asset Management Inc. now owns 531,747 shares of the company’s stock worth $6,248,000 after buying an additional 1,913 shares during the last quarter.

BlackRock MuniHoldings Fund Stock Up 0.1%

Shares of MHD opened at $11.59 on Friday. The stock’s fifty day simple moving average is $11.71 and its 200-day simple moving average is $11.46. BlackRock MuniHoldings Fund has a 12-month low of $10.79 and a 12-month high of $12.34.

BlackRock MuniHoldings Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be given a dividend of $0.0595 per share. The ex-dividend date is Monday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 6.2%.

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.