BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) Sees Large Increase in Short Interest

BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 252,361 shares, an increase of 196.2% from the August 31st total of 85,190 shares. Based on an average daily volume of 570,097 shares, the days-to-cover ratio is currently 0.4 days.

BlackRock MuniHoldings Fund Stock Down 0.3%

NYSE MHD traded down $0.04 on Friday, hitting $10.53. 835,987 shares of the stock were exchanged, compared to its average volume of 381,844. BlackRock MuniHoldings Fund has a 52-week low of $10.50 and a 52-week high of $12.08. The stock has a fifty day moving average price of $11.33 and a two-hundred day moving average price of $11.56.

BlackRock MuniHoldings Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be given a dividend of $0.0595 per share. This represents a $0.71 annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Friday, December 11th.

Institutional Investors Weigh In On BlackRock MuniHoldings Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. World Investment Advisors boosted its position in BlackRock MuniHoldings Fund by 12.2% in the 1st quarter. World Investment Advisors now owns 11,500 shares of the company’s stock valued at $130,000 after buying an additional 1,251 shares during the period. Occidental Asset Management LLC increased its position in shares of BlackRock MuniHoldings Fund by 20.3% during the second quarter. Occidental Asset Management LLC now owns 12,766 shares of the company’s stock worth $152,000 after acquiring an additional 2,154 shares during the period. Hollencrest Capital Management bought a new stake in shares of BlackRock MuniHoldings Fund during the first quarter valued at approximately $26,000. MCF Advisors LLC bought a new stake in shares of BlackRock MuniHoldings Fund during the second quarter valued at approximately $27,000. Finally, Pinnacle Bancorp Inc. bought a new stake in shares of BlackRock MuniHoldings Fund during the first quarter valued at approximately $38,000.

BlackRock MuniHoldings Fund Company Profile

BlackRock MuniHoldings Fund, Inc is a closed-end investment fund listed on the New York Stock Exchange under the symbol MHD. The fund seeks to provide current income that is exempt from regular U.S. federal income tax by investing primarily in municipal obligations.

The fund’s portfolio may include bonds issued by states, municipalities, counties, public authorities and other governmental entities across the United States. These securities generally finance public infrastructure and services, such as education, transportation, utilities, health care facilities and other community projects.