BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Short Interest Down 96.9% in January

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 1,900 shares, a decrease of 96.9% from the December 31st total of 60,900 shares. Based on an average daily trading volume, of 330,500 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On BlackRock MuniHoldings California Quality Fund

Several hedge funds have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV bought a new position in BlackRock MuniHoldings California Quality Fund in the 2nd quarter valued at about $271,000. Creative Planning raised its holdings in BlackRock MuniHoldings California Quality Fund by 201.5% in the 2nd quarter. Creative Planning now owns 57,242 shares of the company’s stock valued at $635,000 after acquiring an additional 38,254 shares during the period. Sanctuary Advisors LLC bought a new position in BlackRock MuniHoldings California Quality Fund in the 2nd quarter valued at about $4,308,000. Litman Gregory Wealth Management LLC raised its holdings in BlackRock MuniHoldings California Quality Fund by 108.0% in the 3rd quarter. Litman Gregory Wealth Management LLC now owns 36,615 shares of the company’s stock valued at $422,000 after acquiring an additional 19,015 shares during the period. Finally, Ackerman Capital Advisors LLC bought a new position in BlackRock MuniHoldings California Quality Fund in the 3rd quarter valued at about $236,000. 30.99% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniHoldings California Quality Fund Stock Performance

BlackRock MuniHoldings California Quality Fund stock opened at $10.78 on Thursday. The firm has a 50-day moving average of $10.88 and a 200-day moving average of $11.14. BlackRock MuniHoldings California Quality Fund has a one year low of $10.52 and a one year high of $11.64.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a $0.0535 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.64 annualized dividend and a yield of 5.96%.

About BlackRock MuniHoldings California Quality Fund

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.