BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ – Get Free Report) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 245,959 shares, an increase of 158.6% from the April 30th total of 95,106 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 117,712 shares, the short-interest ratio is currently 2.1 days.
Institutional Investors Weigh In On BlackRock MuniHoldings New Jersey Quality Fund
Several large investors have recently modified their holdings of MUJ. Cary Street Partners Investment Advisory LLC bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter valued at approximately $60,000. Elyxium Wealth LLC bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter valued at approximately $69,000. Nomura Holdings Inc. bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 2nd quarter valued at approximately $110,000. Sanctuary Advisors LLC bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 1st quarter valued at approximately $124,000. Finally, Cary Street Partners Financial LLC bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter valued at approximately $133,000. 15.13% of the stock is currently owned by institutional investors.
BlackRock MuniHoldings New Jersey Quality Fund Trading Up 0.1%
Shares of MUJ stock traded up $0.01 during trading hours on Friday, hitting $12.24. The company had a trading volume of 81,210 shares, compared to its average volume of 107,228. BlackRock MuniHoldings New Jersey Quality Fund has a 12 month low of $10.66 and a 12 month high of $12.68. The firm’s fifty day moving average is $12.00 and its 200 day moving average is $12.09.
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.
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