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

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 146,743 shares, an increase of 85.0% from the May 31st total of 79,306 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 88,361 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Cary Street Partners Investment Advisory LLC acquired a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter worth approximately $60,000. Elyxium Wealth LLC acquired a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter valued at $69,000. Nomura Holdings Inc. acquired a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the second quarter valued at $110,000. Sanctuary Advisors LLC purchased a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the 1st quarter worth about $124,000. Finally, Green Ridge Wealth Planning LLC purchased a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter worth about $133,000. 15.13% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniHoldings New Jersey Quality Fund Stock Performance

Shares of MUJ stock opened at $12.33 on Thursday. BlackRock MuniHoldings New Jersey Quality Fund has a fifty-two week low of $10.66 and a fifty-two week high of $12.68. The business has a fifty day simple moving average of $12.22 and a 200-day simple moving average of $12.15.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a $0.054 dividend. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

About BlackRock MuniHoldings New Jersey Quality Fund

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.