Short Interest in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Drops By 27.5%

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) saw a large drop in short interest in December. As of December 31st, there was short interest totaling 179,582 shares, a drop of 27.5% from the December 15th total of 247,641 shares. Based on an average trading volume of 138,735 shares, the days-to-cover ratio is currently 1.3 days. Based on an average trading volume of 138,735 shares, the days-to-cover ratio is currently 1.3 days.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

MUJ traded up $0.04 on Friday, reaching $12.17. The stock had a trading volume of 68,597 shares, compared to its average volume of 93,815. The firm has a 50-day moving average of $11.97 and a 200-day moving average of $11.49. BlackRock MuniHoldings New Jersey Quality Fund has a fifty-two week low of $10.50 and a fifty-two week high of $12.19.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.054 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 5.3%.

Institutional Trading of BlackRock MuniHoldings New Jersey Quality Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nomura Holdings Inc. acquired a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 2nd quarter valued at $110,000. Janney Montgomery Scott LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the second quarter valued at $113,000. Advisory Services Network LLC acquired a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the third quarter valued at about $133,000. Susquehanna International Group LLP acquired a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the third quarter valued at about $134,000. Finally, Permanent Capital Management LP bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter worth about $140,000. 15.13% of the stock is currently owned by institutional investors and hedge funds.

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.