BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Short Interest Update

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC – Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 48,896 shares, an increase of 55.3% from the July 30th total of 31,487 shares. Based on an average daily volume of 399,757 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. WFA of San Diego LLC bought a new stake in BlackRock MuniHoldings California Quality Fund in the 2nd quarter valued at about $26,000. Elyxium Wealth LLC bought a new stake in BlackRock MuniHoldings California Quality Fund in the 4th quarter worth about $69,000. Pasadena Private Wealth LLC bought a new position in shares of BlackRock MuniHoldings California Quality Fund during the 4th quarter worth approximately $106,000. Nomura Holdings Inc. purchased a new position in shares of BlackRock MuniHoldings California Quality Fund in the 2nd quarter worth approximately $104,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of BlackRock MuniHoldings California Quality Fund in the 4th quarter worth approximately $126,000. Institutional investors and hedge funds own 30.99% of the company’s stock.

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BlackRock MuniHoldings California Quality Fund Stock Down 0.1%

Shares of MUC stock opened at $10.48 on Thursday. BlackRock MuniHoldings California Quality Fund has a 52 week low of $10.20 and a 52 week high of $11.16. The company has a 50-day simple moving average of $10.77 and a 200 day simple moving average of $10.75.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a dividend of $0.0535 per share. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Tuesday, September 15th.

About BlackRock MuniHoldings California Quality Fund

(Get Free Report)

BlackRock MuniHoldings California Quality Fund (NYSE: MUC) is a closed-end management investment company that seeks to provide high-quality, federally and California tax-exempt income. The fund primarily invests in investment-grade municipal obligations issued by or on behalf of entities located in California, including general obligation bonds and revenue bonds that finance public projects such as schools, transportation infrastructure and utilities.

The fund’s portfolio construction emphasizes credit quality and geographic concentration, targeting bonds rated at or above investment grade by nationally recognized statistical rating organizations.

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