BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Shares Shorted: Short Interest Up 116.4% in September

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 304,120 shares, an increase of 116.4% from the August 31st total of 140,551 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 133,190 shares, the days-to-cover ratio is presently 2.3 days.

BlackRock MuniHoldings New Jersey Quality Fund Trading Up 0.1%

BlackRock MuniHoldings New Jersey Quality Fund stock opened at $11.15 on Wednesday. BlackRock MuniHoldings New Jersey Quality Fund has a 52 week low of $11.01 and a 52 week high of $12.68. The business’s 50-day simple moving average is $11.98 and its 200-day simple moving average is $12.08.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

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 issued a $0.0540 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.65 dividend on an annualized basis and a yield of 5.8%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the second quarter worth $62,000. Readystate Asset Management LP acquired a new position in BlackRock MuniHoldings New Jersey Quality Fund during the 2nd quarter valued at $131,000. Sanctuary Advisors LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the 1st quarter valued at $124,000. Green Ridge Wealth Planning LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter valued at $133,000. Finally, Cary Street Partners Financial LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter valued at $133,000. 15.13% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniHoldings New Jersey Quality Fund Company Profile

BlackRock MuniHoldings New Jersey Quality Fund, Inc is a closed-end municipal bond fund listed on the New York Stock Exchange under the symbol MUJ. The fund seeks to provide current income that is exempt from regular U.S. federal income tax and New Jersey personal income tax.

The fund invests primarily in long-term municipal obligations issued by or on behalf of New Jersey and its municipalities, authorities, and other governmental entities. Its portfolio may include bonds that finance public infrastructure and services such as schools, transportation systems, utilities, health care facilities, and housing projects.