BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Short Interest Update

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 37,900 shares, an increase of 49.8% from the February 28th total of 25,300 shares. Based on an average daily trading volume, of 126,900 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

BlackRock MuniHoldings New Jersey Quality Fund Stock Performance

Shares of BlackRock MuniHoldings New Jersey Quality Fund stock traded up $0.01 on Friday, hitting $11.21. 47,411 shares of the company traded hands, compared to its average volume of 109,389. BlackRock MuniHoldings New Jersey Quality Fund has a 12-month low of $10.97 and a 12-month high of $12.24. The firm’s 50-day simple moving average is $11.44 and its 200 day simple moving average is $11.60.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders 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 dividend yield of 5.78%. The ex-dividend date of this dividend is Friday, March 14th.

Hedge Funds Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

Several institutional investors have recently modified their holdings of the company. Bank of Montreal Can boosted its stake in BlackRock MuniHoldings New Jersey Quality Fund by 4.9% in the fourth quarter. Bank of Montreal Can now owns 19,540 shares of the financial services provider’s stock worth $216,000 after buying an additional 912 shares in the last quarter. LPL Financial LLC boosted its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 1.0% in the 4th quarter. LPL Financial LLC now owns 112,147 shares of the financial services provider’s stock valued at $1,241,000 after purchasing an additional 1,097 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 5.5% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 26,869 shares of the financial services provider’s stock valued at $327,000 after purchasing an additional 1,400 shares during the last quarter. Mountain Hill Investment Partners Corp. purchased a new position in BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter worth $49,000. Finally, Wolverine Asset Management LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter worth $69,000. 15.13% of the stock is currently owned by institutional investors.

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.