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 significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 65,743 shares, a decrease of 60.4% from the March 15th total of 165,836 shares. Based on an average trading volume of 127,821 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company’s shares are sold short.

BlackRock MuniHoldings New Jersey Quality Fund Trading Up 0.4%

Shares of MUJ traded up $0.05 during trading hours on Tuesday, hitting $12.05. 104,213 shares of the stock traded hands, compared to its average volume of 125,783. BlackRock MuniHoldings New Jersey Quality Fund has a 1-year low of $10.66 and a 1-year high of $12.68. The business has a fifty day moving average of $12.15 and a 200-day moving average of $11.98.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a dividend of $0.054 per share. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend is Monday, June 15th.

Hedge Funds Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

Several large investors have recently made changes to their positions in MUJ. Green Ridge Wealth Planning LLC acquired a new position in BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter valued at about $133,000. Virtu Financial LLC acquired a new position in BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter valued at about $184,000. NewEdge Advisors LLC lifted its stake in BlackRock MuniHoldings New Jersey Quality Fund by 35.1% in the fourth quarter. NewEdge Advisors LLC now owns 25,007 shares of the financial services provider’s stock valued at $298,000 after buying an additional 6,501 shares during the period. Guggenheim Capital LLC lifted its stake in BlackRock MuniHoldings New Jersey Quality Fund by 18.4% in the fourth quarter. Guggenheim Capital LLC now owns 552,534 shares of the financial services provider’s stock valued at $6,575,000 after buying an additional 85,935 shares during the period. Finally, Cetera Investment Advisers lifted its stake in BlackRock MuniHoldings New Jersey Quality Fund by 59.5% in the fourth quarter. Cetera Investment Advisers now owns 97,864 shares of the financial services provider’s stock valued at $1,165,000 after buying an additional 36,513 shares during the period. Institutional investors and hedge funds own 15.13% of the company’s stock.

BlackRock MuniHoldings New Jersey Quality Fund Company Profile

BlackRock MuniHoldings New Jersey Quality Fund (NYSE: MUJ) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and New Jersey state income taxes. The fund primarily invests in investment-grade municipal securities issued by or on behalf of the State of New Jersey and its municipalities, authorities, and instrumentalities. By concentrating on high-quality New Jersey public finance obligations, MUJ aims to offer tax-efficient income for investors with exposure to the state’s credit profile.

The fund’s portfolio is actively managed by BlackRock’s municipal fixed income team, which conducts credit analysis and sector allocation to identify opportunities within New Jersey’s diverse municipal marketplace.