BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Short Interest Down 27.5% in March

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 38,800 shares, a drop of 27.5% from the March 15th total of 53,500 shares. Based on an average daily trading volume, of 9,800 shares, the short-interest ratio is presently 4.0 days.

Hedge Funds Weigh In On BlackRock MuniHoldings California Quality Fund

A number of large investors have recently modified their holdings of the company. Morgan Stanley increased its stake in BlackRock MuniHoldings California Quality Fund by 19.3% in the 4th quarter. Morgan Stanley now owns 4,718,035 shares of the company’s stock worth $50,672,000 after purchasing an additional 762,169 shares during the period. Saba Capital Management L.P. increased its stake in BlackRock MuniHoldings California Quality Fund by 93.2% in the 3rd quarter. Saba Capital Management L.P. now owns 3,874,186 shares of the company’s stock worth $37,037,000 after purchasing an additional 1,868,475 shares during the period. Karpus Management Inc. increased its stake in BlackRock MuniHoldings California Quality Fund by 6.6% in the 4th quarter. Karpus Management Inc. now owns 3,773,789 shares of the company’s stock worth $42,002,000 after purchasing an additional 231,998 shares during the period. Guggenheim Capital LLC increased its stake in BlackRock MuniHoldings California Quality Fund by 3.9% in the 1st quarter. Guggenheim Capital LLC now owns 1,178,881 shares of the company’s stock worth $15,420,000 after purchasing an additional 44,371 shares during the period. Finally, Wells Fargo & Company MN increased its stake in BlackRock MuniHoldings California Quality Fund by 107.9% in the 2nd quarter. Wells Fargo & Company MN now owns 848,960 shares of the company’s stock worth $10,163,000 after purchasing an additional 440,672 shares during the period. 30.99% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniHoldings California Quality Fund Stock Performance

Shares of NYSE MUC traded down $0.05 during trading hours on Friday, reaching $10.70. 199,842 shares of the stock traded hands, compared to its average volume of 206,251. BlackRock MuniHoldings California Quality Fund has a 52-week low of $9.19 and a 52-week high of $11.30. The company’s 50-day simple moving average is $11.05 and its two-hundred day simple moving average is $10.63.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a dividend of $0.0485 per share. The ex-dividend date is Friday, April 12th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 5.44%.

BlackRock MuniHoldings California Quality Fund Company Profile

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.