BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Short Interest Down 48.3% in December

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 40,221 shares, a decrease of 48.3% from the November 30th total of 77,855 shares. Based on an average trading volume of 399,722 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 399,722 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On BlackRock MuniHoldings California Quality Fund

Several institutional investors have recently made changes to their positions in MUC. Baird Financial Group Inc. lifted its stake in BlackRock MuniHoldings California Quality Fund by 37.7% in the first quarter. Baird Financial Group Inc. now owns 38,079 shares of the company’s stock worth $408,000 after acquiring an additional 10,416 shares during the period. Advisors Asset Management Inc. lifted its position in shares of BlackRock MuniHoldings California Quality Fund by 13.0% in the 1st quarter. Advisors Asset Management Inc. now owns 649,202 shares of the company’s stock worth $6,953,000 after purchasing an additional 74,932 shares during the period. Channel Wealth LLC boosted its stake in shares of BlackRock MuniHoldings California Quality Fund by 2.1% during the second quarter. Channel Wealth LLC now owns 84,482 shares of the company’s stock valued at $874,000 after purchasing an additional 1,749 shares in the last quarter. Melfa Wealth Management Inc. boosted its stake in shares of BlackRock MuniHoldings California Quality Fund by 10.2% during the second quarter. Melfa Wealth Management Inc. now owns 105,202 shares of the company’s stock valued at $1,089,000 after purchasing an additional 9,750 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in BlackRock MuniHoldings California Quality Fund during the second quarter valued at approximately $28,000. Hedge funds and other institutional investors own 30.99% of the company’s stock.

BlackRock MuniHoldings California Quality Fund Stock Down 0.1%

Shares of MUC traded down $0.01 during trading hours on Friday, reaching $10.56. 305,946 shares of the company traded hands, compared to its average volume of 378,122. The stock’s fifty day moving average price is $10.73 and its 200 day moving average price is $10.52. BlackRock MuniHoldings California Quality Fund has a 12-month low of $9.97 and a 12-month high of $11.20.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be given a dividend of $0.0535 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%.

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.