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

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

BlackRock MuniHoldings California Quality Fund Stock Performance

Shares of MUC remained flat at $10.55 during mid-day trading on Tuesday. 352,903 shares of the stock traded hands, compared to its average volume of 295,163. The company has a 50-day moving average price of $10.96 and a 200-day moving average price of $11.17. BlackRock MuniHoldings California Quality Fund has a 52-week low of $10.52 and a 52-week high of $11.64.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.0535 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.64 dividend on an annualized basis and a yield of 6.09%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. boosted its position in BlackRock MuniHoldings California Quality Fund by 0.9% during the third quarter. Rockefeller Capital Management L.P. now owns 116,529 shares of the company’s stock valued at $1,342,000 after purchasing an additional 1,072 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of BlackRock MuniHoldings California Quality Fund in the 3rd quarter valued at about $25,000. 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 last quarter. Integrated Wealth Concepts LLC raised its stake in shares of BlackRock MuniHoldings California Quality Fund by 9.7% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 27,878 shares of the company’s stock worth $321,000 after acquiring an additional 2,459 shares in the last quarter. Finally, Intellectus Partners LLC lifted its position in BlackRock MuniHoldings California Quality Fund by 5.0% during the third quarter. Intellectus Partners LLC now owns 83,226 shares of the company’s stock valued at $963,000 after acquiring an additional 3,994 shares during the last quarter. 30.99% of the stock is currently owned by hedge funds and other institutional investors.

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.