Short Interest in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Decreases By 52.0%

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 33,800 shares, a decrease of 52.0% from the September 30th total of 70,400 shares. Based on an average trading volume of 202,400 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Fortitude Family Office LLC acquired a new position in shares of BlackRock MuniHoldings California Quality Fund in the 3rd quarter valued at $48,000. Ackerman Capital Advisors LLC acquired a new position in BlackRock MuniHoldings California Quality Fund in the third quarter valued at $236,000. Litman Gregory Wealth Management LLC grew its holdings in shares of BlackRock MuniHoldings California Quality Fund by 108.0% during the third quarter. Litman Gregory Wealth Management LLC now owns 36,615 shares of the company’s stock worth $422,000 after purchasing an additional 19,015 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of BlackRock MuniHoldings California Quality Fund during the second quarter worth about $4,308,000. Finally, Creative Planning lifted its holdings in shares of 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 purchasing an additional 38,254 shares during the last quarter. 30.99% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniHoldings California Quality Fund Trading Up 0.7 %

MUC traded up $0.08 during trading hours on Friday, reaching $11.26. The company’s stock had a trading volume of 194,543 shares, compared to its average volume of 236,671. The business’s 50-day moving average is $11.40 and its 200-day moving average is $11.12. BlackRock MuniHoldings California Quality Fund has a fifty-two week low of $9.19 and a fifty-two week high of $11.64.

BlackRock MuniHoldings California Quality Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a $0.0535 dividend. This represents a $0.64 annualized dividend and a yield of 5.70%. The ex-dividend date is Tuesday, October 15th. This is a positive change from BlackRock MuniHoldings California Quality Fund’s previous monthly dividend of $0.05.

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.