BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Short Interest Update

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 37,900 shares, a growth of 49.8% from the February 28th total of 25,300 shares. Based on an average daily trading volume, of 126,900 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

BlackRock MuniHoldings New Jersey Quality Fund Stock Performance

NYSE:MUJ traded up $0.10 during midday trading on Tuesday, reaching $11.35. The stock had a trading volume of 68,463 shares, compared to its average volume of 109,150. BlackRock MuniHoldings New Jersey Quality Fund has a 1-year low of $10.97 and a 1-year high of $12.24. The firm’s fifty day simple moving average is $11.44 and its 200-day simple moving average is $11.60.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.054 per share. The ex-dividend date is Friday, March 14th. This represents a $0.65 annualized dividend and a yield of 5.71%.

Institutional Trading of BlackRock MuniHoldings New Jersey Quality Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sit Investment Associates Inc. boosted its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 1,325.1% in 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 acquiring an additional 492,701 shares during the period. Guggenheim Capital LLC raised its stake in BlackRock MuniHoldings New Jersey Quality Fund by 5.3% during the 4th quarter. Guggenheim Capital LLC now owns 402,588 shares of the financial services provider’s stock valued at $4,457,000 after purchasing an additional 20,408 shares during the last quarter. Bank of America Corp DE boosted its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 9.3% in the 4th quarter. Bank of America Corp DE now owns 383,621 shares of the financial services provider’s stock valued at $4,247,000 after purchasing an additional 32,776 shares during the period. Raymond James Financial Inc. acquired a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter worth $3,387,000. Finally, Leigh Baldwin & CO. LLC bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter worth about $2,967,000. Institutional investors and hedge funds own 15.13% of the company’s stock.

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.