Short Interest in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Decreases By 26.5%

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 43,900 shares, a drop of 26.5% from the August 31st total of 59,700 shares. Based on an average daily trading volume, of 125,900 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 125,900 shares, the short-interest ratio is currently 0.3 days.

BlackRock MuniHoldings New Jersey Quality Fund Stock Down 0.5%

Shares of MUJ opened at $11.58 on Tuesday. The stock’s fifty day simple moving average is $11.18 and its 200-day simple moving average is $11.02. BlackRock MuniHoldings New Jersey Quality Fund has a 12-month low of $10.50 and a 12-month high of $12.17.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be given a dividend of $0.054 per share. The ex-dividend date is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 5.6%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Carnegie Lake Advisors LLC grew its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 9.2% during the 1st quarter. Carnegie Lake Advisors LLC now owns 11,814 shares of the financial services provider’s stock worth $133,000 after buying an additional 1,000 shares during the period. Bank of Montreal Can boosted its stake in BlackRock MuniHoldings New Jersey Quality Fund by 5.7% in the second quarter. Bank of Montreal Can now owns 20,770 shares of the financial services provider’s stock valued at $227,000 after acquiring an additional 1,120 shares during the last quarter. Traphagen Investment Advisors LLC grew its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 11.5% during the 1st quarter. Traphagen Investment Advisors LLC now owns 12,339 shares of the financial services provider’s stock worth $139,000 after acquiring an additional 1,271 shares during the period. Royal Bank of Canada raised its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 2.8% during the 1st quarter. Royal Bank of Canada now owns 51,595 shares of the financial services provider’s stock valued at $580,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 7.9% during the 1st quarter. Cetera Investment Advisers now owns 25,963 shares of the financial services provider’s stock valued at $292,000 after acquiring an additional 1,899 shares during the last quarter. Institutional investors own 15.13% of the company’s stock.

About BlackRock MuniHoldings New Jersey Quality Fund

BlackRock MuniHoldings New Jersey Quality Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of United States. The fund invests primarily in long-term, investment grade municipal obligations exempt from federal income taxes and New Jersey personal income taxes.