Short Interest in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Increases By 102.4%

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 171,414 shares, a growth of 102.4% from the July 30th total of 84,674 shares. Based on an average trading volume of 82,681 shares, the short-interest ratio is currently 2.1 days. Approximately 0.3% of the shares of the company are sold short.

BlackRock MuniHoldings New Jersey Quality Fund Trading Up 0.2%

Shares of BlackRock MuniHoldings New Jersey Quality Fund stock opened at $12.04 on Monday. BlackRock MuniHoldings New Jersey Quality Fund has a 1-year low of $10.88 and a 1-year high of $12.68. The company’s fifty day simple moving average is $12.22 and its 200-day simple moving average is $12.19.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a $0.054 dividend. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Trading of BlackRock MuniHoldings New Jersey Quality Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Readystate Asset Management LP bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 2nd quarter valued at approximately $131,000. Northwestern Mutual Wealth Management Co. bought a new position in BlackRock MuniHoldings New Jersey Quality Fund in the 2nd quarter worth $62,000. Breakwater Capital Group raised its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 6.1% during the second quarter. Breakwater Capital Group now owns 239,996 shares of the financial services provider’s stock valued at $2,954,000 after acquiring an additional 13,780 shares during the period. Bank of America Corp DE boosted its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 4.1% in the first quarter. Bank of America Corp DE now owns 454,136 shares of the financial services provider’s stock worth $5,254,000 after acquiring an additional 17,893 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 9.8% in the 1st quarter. Cetera Investment Advisers now owns 107,428 shares of the financial services provider’s stock worth $1,243,000 after purchasing an additional 9,564 shares in the last quarter. Hedge funds and other institutional investors own 15.13% of the company’s stock.

BlackRock MuniHoldings New Jersey Quality Fund Company Profile

BlackRock MuniHoldings New Jersey Quality Fund (NYSE: MUJ) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and New Jersey state income taxes. The fund primarily invests in investment-grade municipal securities issued by or on behalf of the State of New Jersey and its municipalities, authorities, and instrumentalities. By concentrating on high-quality New Jersey public finance obligations, MUJ aims to offer tax-efficient income for investors with exposure to the state’s credit profile.

The fund’s portfolio is actively managed by BlackRock’s municipal fixed income team, which conducts credit analysis and sector allocation to identify opportunities within New Jersey’s diverse municipal marketplace.