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

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

Institutional Investors Weigh In On BlackRock MuniHoldings California Quality Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Oppenheimer & Co. Inc. purchased a new stake in BlackRock MuniHoldings California Quality Fund in the third quarter worth about $118,000. Creative Planning raised its holdings in BlackRock MuniHoldings California Quality Fund by 201.5% in the second quarter. Creative Planning now owns 57,242 shares of the company’s stock worth $635,000 after purchasing an additional 38,254 shares in the last quarter. Rivernorth Capital Management LLC lifted 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 buying an additional 167,785 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of BlackRock MuniHoldings California Quality Fund during the 2nd quarter valued at $4,308,000. Finally, Choreo LLC grew its position in shares of BlackRock MuniHoldings California Quality Fund by 5.8% in the 2nd quarter. Choreo LLC now owns 41,135 shares of the company’s stock worth $453,000 after buying an additional 2,262 shares during the period. Institutional investors own 30.99% of the company’s stock.

BlackRock MuniHoldings California Quality Fund Price Performance

Shares of NYSE:MUC remained flat at $10.55 on Tuesday. The company’s stock had a trading volume of 352,903 shares, compared to its average volume of 295,163. BlackRock MuniHoldings California Quality Fund has a 1 year low of $10.52 and a 1 year high of $11.64. The firm’s 50-day moving average price is $10.96 and its 200-day moving average price is $11.17.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be paid a $0.0535 dividend. This represents a $0.64 annualized dividend and a yield of 6.09%. The ex-dividend date is Wednesday, January 15th.

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.