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

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 16,500 shares, a drop of 77.8% from the February 13th total of 74,400 shares. Based on an average daily trading volume, of 307,800 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On BlackRock MuniHoldings California Quality Fund

Several institutional investors have recently bought and sold shares of MUC. Guggenheim Capital LLC raised its position in shares of BlackRock MuniHoldings California Quality Fund by 24.5% during the 4th quarter. Guggenheim Capital LLC now owns 1,590,482 shares of the company’s stock valued at $16,907,000 after buying an additional 313,310 shares in the last quarter. Atala Financial Inc bought a new stake in BlackRock MuniHoldings California Quality Fund during the fourth quarter worth approximately $2,672,000. Logan Stone Capital LLC increased its stake in BlackRock MuniHoldings California Quality Fund by 199.7% during the fourth quarter. Logan Stone Capital LLC now owns 270,740 shares of the company’s stock worth $2,878,000 after acquiring an additional 180,414 shares during the last quarter. Rivernorth Capital Management LLC raised its position in BlackRock MuniHoldings California Quality Fund by 7.1% during the third quarter. Rivernorth Capital Management LLC now owns 2,537,611 shares of the company’s stock valued at $29,233,000 after purchasing an additional 167,785 shares during the period. Finally, Almitas Capital LLC bought a new stake in shares of BlackRock MuniHoldings California Quality Fund in the 4th quarter valued at approximately $1,181,000. Institutional investors own 30.99% of the company’s stock.

BlackRock MuniHoldings California Quality Fund Stock Down 0.7 %

Shares of MUC traded down $0.08 during mid-day trading on Thursday, hitting $10.79. 288,933 shares of the stock were exchanged, compared to its average volume of 234,072. BlackRock MuniHoldings California Quality Fund has a 52-week low of $10.52 and a 52-week high of $11.64. The firm has a 50-day moving average of $10.86 and a two-hundred day moving average of $11.09.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.0535 per share. This represents a $0.64 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date is Friday, March 14th.

BlackRock MuniHoldings California Quality Fund Company Profile

BlackRock MuniHoldings California Quality Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in a portfolio of long-term investment-grade municipal obligations, the interest on which is exempt from Federal and California income taxes.