Short Interest in BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) Increases By 170.7%

BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 186,172 shares, a growth of 170.7% from the June 30th total of 68,773 shares. Based on an average daily trading volume, of 456,831 shares, the days-to-cover ratio is presently 0.4 days.

BlackRock MuniHoldings Fund Trading Up 0.2%

Shares of MHD stock traded up $0.02 during mid-day trading on Tuesday, reaching $11.51. 266,514 shares of the company’s stock traded hands, compared to its average volume of 359,576. The firm has a 50 day moving average price of $11.71 and a two-hundred day moving average price of $11.73. BlackRock MuniHoldings Fund has a 12 month low of $10.99 and a 12 month high of $12.08.

BlackRock MuniHoldings Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.0595 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

Hedge Funds Weigh In On BlackRock MuniHoldings Fund

A number of hedge funds have recently made changes to their positions in MHD. Hollencrest Capital Management purchased a new stake in BlackRock MuniHoldings Fund during the 1st quarter valued at approximately $26,000. Pinnacle Bancorp Inc. bought a new stake in BlackRock MuniHoldings Fund in the first quarter worth $38,000. Geneos Wealth Management Inc. boosted its position in shares of BlackRock MuniHoldings Fund by 389.7% during the first quarter. Geneos Wealth Management Inc. now owns 4,657 shares of the company’s stock valued at $55,000 after buying an additional 3,706 shares during the period. Global Retirement Partners LLC purchased a new stake in shares of BlackRock MuniHoldings Fund during the fourth quarter valued at $57,000. Finally, Camelot Portfolios LLC purchased a new position in BlackRock MuniHoldings Fund during the 4th quarter worth $62,000.

About BlackRock MuniHoldings Fund

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.