Short Interest in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Declines By 50.3%

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 9,300 shares, a drop of 50.3% from the December 15th total of 18,700 shares. Based on an average trading volume of 157,000 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

A number of hedge funds have recently modified their holdings of MUJ. Pine Valley Investments Ltd Liability Co grew its position in BlackRock MuniHoldings New Jersey Quality Fund by 5.5% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 26,869 shares of the financial services provider’s stock worth $327,000 after acquiring an additional 1,400 shares in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 20.9% in the third quarter. J.W. Cole Advisors Inc. now owns 244,565 shares of the financial services provider’s stock worth $2,967,000 after purchasing an additional 42,196 shares in the last quarter. International Assets Investment Management LLC acquired a new position in BlackRock MuniHoldings New Jersey Quality Fund during the third quarter worth $13,530,000. Private Advisor Group LLC raised its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 28.1% during the third quarter. Private Advisor Group LLC now owns 19,828 shares of the financial services provider’s stock valued at $241,000 after buying an additional 4,353 shares in the last quarter. Finally, TriaGen Wealth Management LLC acquired a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the third quarter worth about $121,000. 15.13% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniHoldings New Jersey Quality Fund Stock Down 0.5 %

NYSE:MUJ opened at $11.02 on Tuesday. The stock’s 50-day moving average is $11.50 and its two-hundred day moving average is $11.70. BlackRock MuniHoldings New Jersey Quality Fund has a fifty-two week low of $10.97 and a fifty-two week high of $12.24.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.054 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date of this dividend is Wednesday, January 15th.

BlackRock MuniHoldings New Jersey Quality Fund Company Profile

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.