BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Short Interest Down 48.0% in June

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 76,251 shares, a drop of 48.0% from the June 15th total of 146,743 shares. Based on an average daily volume of 103,306 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cary Street Partners Investment Advisory LLC bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter valued at approximately $60,000. Elyxium Wealth LLC bought a new position in BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter valued at approximately $69,000. Nomura Holdings Inc. bought a new position in BlackRock MuniHoldings New Jersey Quality Fund in the 2nd quarter valued at approximately $110,000. Sanctuary Advisors LLC acquired a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the first quarter valued at approximately $124,000. Finally, Green Ridge Wealth Planning LLC bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter worth $133,000. Institutional investors own 15.13% of the company’s stock.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

Shares of BlackRock MuniHoldings New Jersey Quality Fund stock traded down $0.04 during trading on Wednesday, reaching $12.31. 30,014 shares of the company’s stock were exchanged, compared to its average volume of 98,626. BlackRock MuniHoldings New Jersey Quality Fund has a 1-year low of $10.66 and a 1-year high of $12.68. The firm’s 50-day moving average price is $12.27 and its 200 day moving average price is $12.17.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a $0.054 dividend. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Tuesday, September 15th.

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.