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

BlackRock MuniHoldings Fund, Inc. (NYSE:MHD – Get Free Report) was the target of a large 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 trading volume of 456,831 shares, the short-interest ratio is currently 0.4 days.

BlackRock MuniHoldings Fund Stock Performance

Shares of MHD stock traded up $0.04 during trading hours on Monday, hitting $11.48. The company had a trading volume of 274,333 shares, compared to its average volume of 360,198. The company’s fifty day moving average is $11.71 and its 200 day moving average is $11.73. BlackRock MuniHoldings Fund has a fifty-two week low of $10.99 and a fifty-two week high of $12.08.

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BlackRock MuniHoldings Fund Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Hollencrest Capital Management purchased a new position in shares of BlackRock MuniHoldings Fund during the first quarter worth $26,000. Pinnacle Bancorp Inc. acquired a new stake in shares of BlackRock MuniHoldings Fund in the first quarter valued at $38,000. Geneos Wealth Management Inc. raised its holdings in shares of BlackRock MuniHoldings Fund by 389.7% in the 1st 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 in the 4th quarter valued at $57,000. Finally, Camelot Portfolios LLC acquired a new position in BlackRock MuniHoldings Fund during the 4th quarter worth about $62,000.

BlackRock MuniHoldings Fund Company Profile

(Get Free Report)

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.

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