BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Sees Significant Growth in Short Interest

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 171,414 shares, an increase of 102.4% from the July 30th total of 84,674 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 82,681 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Readystate Asset Management LP acquired a new position in BlackRock MuniHoldings New Jersey Quality Fund during the second quarter worth about $131,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 2nd quarter valued at approximately $62,000. Breakwater Capital Group grew its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 6.1% during the 2nd quarter. Breakwater Capital Group now owns 239,996 shares of the financial services provider’s stock valued at $2,954,000 after purchasing an additional 13,780 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 4.1% during the 1st quarter. Bank of America Corp DE now owns 454,136 shares of the financial services provider’s stock valued at $5,254,000 after purchasing an additional 17,893 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 9.8% during the 1st quarter. Cetera Investment Advisers now owns 107,428 shares of the financial services provider’s stock valued at $1,243,000 after purchasing an additional 9,564 shares during the last quarter. Institutional investors and hedge funds own 15.13% of the company’s stock.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

BlackRock MuniHoldings New Jersey Quality Fund stock opened at $12.04 on Friday. BlackRock MuniHoldings New Jersey Quality Fund has a 52 week low of $10.88 and a 52 week high of $12.68. The stock has a fifty day moving average of $12.22 and a 200-day moving average of $12.19.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a $0.054 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 5.4%.

BlackRock MuniHoldings New Jersey Quality Fund Company Profile

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.