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

by · The Cerbat Gem

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ – Get Free Report) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 76,251 shares, a decrease of 48.0% from the June 15th total of 146,743 shares. Based on an average daily trading volume, of 103,306 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the company’s stock are short sold.

BlackRock MuniHoldings New Jersey Quality Fund Stock Down 0.1%

NYSE:MUJ traded down $0.01 on Thursday, hitting $12.28. The stock had a trading volume of 64,081 shares, compared to its average volume of 67,990. BlackRock MuniHoldings New Jersey Quality Fund has a 52 week low of $10.66 and a 52 week high of $12.68. The business’s fifty day moving average is $12.27 and its 200 day moving average is $12.18.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.054 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Trading of BlackRock MuniHoldings New Jersey Quality Fund

Several hedge funds have recently bought and sold shares of the business. UBS Group AG lifted its position in BlackRock MuniHoldings New Jersey Quality Fund by 0.4% in the 4th quarter. UBS Group AG now owns 259,311 shares of the financial services provider’s stock valued at $3,086,000 after acquiring an additional 1,036 shares in the last quarter. Royal Bank of Canada increased its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 2.8% during the 1st quarter. Royal Bank of Canada now owns 51,595 shares of the financial services provider’s stock worth $580,000 after purchasing an additional 1,400 shares in the last quarter. Peapack Gladstone Financial Corp raised its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 8.3% in the second quarter. Peapack Gladstone Financial Corp now owns 32,859 shares of the financial services provider’s stock worth $360,000 after purchasing an additional 2,522 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 6.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 53,272 shares of the financial services provider’s stock worth $634,000 after purchasing an additional 3,267 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter valued at approximately $60,000. Institutional investors and hedge funds own 15.13% of the company’s stock.

BlackRock MuniHoldings New Jersey Quality Fund Company Profile

(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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