BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Sees Significant Decrease in Short Interest

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 25,300 shares, a decrease of 54.6% from the February 13th total of 55,700 shares. Based on an average daily volume of 141,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Mountain Hill Investment Partners Corp. purchased a new position in BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter worth approximately $49,000. Wolverine Asset Management LLC bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter worth $69,000. Elequin Capital LP purchased a new position in BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter valued at approximately $82,000. Citadel Advisors LLC purchased a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter valued at about $116,000. Finally, Traphagen Investment Advisors LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter worth $123,000. Institutional investors own 15.13% of the company’s stock.

BlackRock MuniHoldings New Jersey Quality Fund Stock Performance

BlackRock MuniHoldings New Jersey Quality Fund stock traded down $0.08 on Friday, hitting $11.27. 59,557 shares of the stock traded hands, compared to its average volume of 95,466. The business’s fifty day simple moving average is $11.42 and its 200 day simple moving average is $11.65. BlackRock MuniHoldings New Jersey Quality Fund has a 1 year low of $10.97 and a 1 year high of $12.24.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.054 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date is Friday, March 14th.

About BlackRock MuniHoldings New Jersey Quality Fund

BlackRock MuniHoldings New Jersey Quality Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of United States. The fund invests primarily in long-term, investment grade municipal obligations exempt from federal income taxes and New Jersey personal income taxes.