BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Stock Short Interest Declines 77.7%

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) saw a large drop in short interest in October. As of October 30th, there was short interest totaling 50,547 shares, a drop of 77.7% from the October 15th total of 226,527 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 660,308 shares, the short-interest ratio is presently 0.1 days.

BlackRock MuniHoldings California Quality Fund Price Performance

MUC opened at $9.94 on Thursday. The company has a 50-day moving average of $9.98 and a 200-day moving average of $10.57. BlackRock MuniHoldings California Quality Fund has a 1-year low of $9.51 and a 1-year high of $11.16.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be paid a $0.0535 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Friday, November 13th.

Institutional Trading of BlackRock MuniHoldings California Quality Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE raised its stake in BlackRock MuniHoldings California Quality Fund by 21.0% during the first quarter. Bank of America Corp DE now owns 2,268,949 shares of the company’s stock valued at $23,597,000 after buying an additional 393,995 shares in the last quarter. D.A. Davidson & CO. grew its position in shares of BlackRock MuniHoldings California Quality Fund by 290.2% in the 3rd quarter. D.A. Davidson & CO. now owns 275,462 shares of the company’s stock worth $2,686,000 after acquiring an additional 204,871 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of BlackRock MuniHoldings California Quality Fund by 85.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,100,165 shares of the company’s stock worth $11,442,000 after acquiring an additional 507,112 shares in the last quarter. Western Wealth Management LLC acquired a new position in shares of BlackRock MuniHoldings California Quality Fund in the 1st quarter worth approximately $633,000. Finally, Hollencrest Capital Management grew its position in shares of BlackRock MuniHoldings California Quality Fund by 35.8% in the 1st quarter. Hollencrest Capital Management now owns 307,635 shares of the company’s stock worth $3,199,000 after acquiring an additional 81,115 shares in the last quarter. 30.99% of the stock is owned by institutional investors.

About BlackRock MuniHoldings California Quality Fund

BlackRock MuniHoldings California Quality Fund, Inc. is a closed-end investment fund managed by BlackRock Advisors, LLC. It seeks to provide high current income that is exempt from regular federal income taxes and California personal income taxes, while also seeking to preserve capital. The fund invests primarily in municipal bonds issued by California state and local governments and public entities. These bonds may finance public services and infrastructure, and their interest payments are generally exempt from the taxes described in the fund’s objective, subject to applicable tax rules.