BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Short Interest Up 158.6% in May

by · The Cerbat Gem

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ – Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 245,959 shares, an increase of 158.6% from the April 30th total of 95,106 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 117,712 shares, the days-to-cover ratio is presently 2.1 days.

Hedge Funds Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE increased its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 4.1% during the 1st quarter. Bank of America Corp DE now owns 454,136 shares of the financial services provider’s stock valued at $5,254,000 after purchasing an additional 17,893 shares during the last quarter. Cetera Investment Advisers increased its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 9.8% during the 1st quarter. Cetera Investment Advisers now owns 107,428 shares of the financial services provider’s stock valued at $1,243,000 after purchasing an additional 9,564 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 1st quarter valued at approximately $124,000. Breakwater Capital Group increased its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 6.0% during the 1st quarter. Breakwater Capital Group now owns 226,216 shares of the financial services provider’s stock valued at $2,617,000 after purchasing an additional 12,824 shares during the last quarter. Finally, Green Ridge Wealth Planning LLC bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter valued at approximately $133,000. Institutional investors own 15.13% of the company’s stock.

BlackRock MuniHoldings New Jersey Quality Fund Stock Performance

Shares of NYSE MUJ traded up $0.01 during trading hours on Friday, hitting $12.24. 81,210 shares of the company traded hands, compared to its average volume of 109,927. The company’s 50 day moving average price is $12.00 and its 200 day moving average price is $12.09. BlackRock MuniHoldings New Jersey Quality Fund has a 12 month low of $10.66 and a 12 month high of $12.68.

About BlackRock MuniHoldings New Jersey Quality Fund

(Get Free Report)

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.

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