BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) Short Interest Up 170.7% in July

BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 186,172 shares, an increase of 170.7% from the June 30th total of 68,773 shares. Based on an average daily trading volume, of 456,831 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On BlackRock MuniHoldings Fund

Institutional investors have recently bought and sold shares of the company. Hollencrest Capital Management purchased a new stake in shares of BlackRock MuniHoldings Fund in the 1st quarter valued at approximately $26,000. Pinnacle Bancorp Inc. purchased a new stake in shares of BlackRock MuniHoldings Fund during the 1st quarter valued at approximately $38,000. Geneos Wealth Management Inc. lifted its holdings in BlackRock MuniHoldings Fund by 389.7% in the first quarter. Geneos Wealth Management Inc. now owns 4,657 shares of the company’s stock valued at $55,000 after acquiring an additional 3,706 shares during the last quarter. Global Retirement Partners LLC acquired a new position in BlackRock MuniHoldings Fund in the fourth quarter valued at approximately $57,000. Finally, Camelot Portfolios LLC acquired a new position in BlackRock MuniHoldings Fund in the fourth quarter valued at approximately $62,000.

BlackRock MuniHoldings Fund Stock Up 0.4%

Shares of NYSE MHD traded up $0.04 during trading on Monday, hitting $11.48. 274,333 shares of the company were exchanged, compared to its average volume of 360,198. BlackRock MuniHoldings Fund has a 12-month low of $10.99 and a 12-month high of $12.08. The company has a fifty day moving average price of $11.71 and a 200-day moving average price of $11.73.

BlackRock MuniHoldings Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a $0.0595 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%.

BlackRock MuniHoldings Fund Company Profile

BlackRock MuniHoldings Fund (NYSE:MHD) is a closed-end management investment company focused on delivering tax-exempt income through a diversified portfolio of municipal securities. The fund’s primary objective is to seek current income exempt from federal income tax, making it a potential option for investors looking to enhance after-tax yield in a fixed-income allocation.

The fund invests predominantly in investment-grade municipal bonds issued by state and local governments, authorities and agencies across the United States.