BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Sees Large Growth in Short Interest

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 55,700 shares, a growth of 124.6% from the January 31st total of 24,800 shares. Based on an average daily volume of 150,700 shares, the short-interest ratio is currently 0.4 days.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

MUJ traded up $0.09 during trading on Friday, hitting $11.71. The company’s stock had a trading volume of 66,217 shares, compared to its average volume of 100,508. BlackRock MuniHoldings New Jersey Quality Fund has a twelve month low of $10.97 and a twelve month high of $12.24. The stock’s fifty day moving average price is $11.34 and its 200-day moving average price is $11.68.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a dividend of $0.054 per share. The ex-dividend date is Friday, February 14th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.54%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sit Investment Associates Inc. raised its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 1,325.1% during the fourth quarter. Sit Investment Associates Inc. now owns 529,883 shares of the financial services provider’s stock valued at $5,866,000 after purchasing an additional 492,701 shares during the period. Guggenheim Capital LLC increased its position in BlackRock MuniHoldings New Jersey Quality Fund by 5.3% in the 4th quarter. Guggenheim Capital LLC now owns 402,588 shares of the financial services provider’s stock valued at $4,457,000 after buying an additional 20,408 shares in the last quarter. Bank of America Corp DE raised its stake in BlackRock MuniHoldings New Jersey Quality Fund by 9.3% during the 4th quarter. Bank of America Corp DE now owns 383,621 shares of the financial services provider’s stock worth $4,247,000 after buying an additional 32,776 shares during the period. Raymond James Financial Inc. bought a new position in BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter worth approximately $3,387,000. Finally, Leigh Baldwin & CO. LLC acquired a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter valued at approximately $2,967,000. 15.13% of the stock is owned by institutional investors.

About BlackRock MuniHoldings New Jersey Quality Fund

BlackRock MuniHoldings New Jersey Quality Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of United States. The fund invests primarily in long-term, investment grade municipal obligations exempt from federal income taxes and New Jersey personal income taxes.