BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ – Get Rating) saw a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 87,900 shares, an increase of 144.2% from the May 15th total of 36,000 shares. Based on an average daily volume of 107,300 shares, the days-to-cover ratio is presently 0.8 days.
In related news, Portfolio Manager Theodore R. Jaeckel, Jr. acquired 3,890 shares of the company’s stock in a transaction dated Tuesday, March 29th. The shares were bought at an average price of $12.94 per share, for a total transaction of $50,336.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE grew its stake in BlackRock MuniHoldings New Jersey Quality Fund by 0.6% during the fourth quarter. Bank of America Corp DE now owns 170,664 shares of the financial services provider’s stock worth $2,707,000 after buying an additional 1,101 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in BlackRock MuniHoldings New Jersey Quality Fund by 19.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 40,120 shares of the financial services provider’s stock worth $636,000 after buying an additional 6,500 shares during the last quarter. Shore Point Advisors LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter worth about $50,000. LPL Financial LLC grew its stake in BlackRock MuniHoldings New Jersey Quality Fund by 3.5% during the third quarter. LPL Financial LLC now owns 91,158 shares of the financial services provider’s stock worth $1,426,000 after buying an additional 3,095 shares during the last quarter. Finally, Wealth Effects LLC acquired a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter worth approximately $283,000. 10.53% of the stock is currently owned by institutional investors and hedge funds.
NYSE MUJ traded down $0.10 on Friday, reaching $13.18. The company’s stock had a trading volume of 100,019 shares, compared to its average volume of 95,066. The business has a 50-day moving average price of $12.97 and a 200 day moving average price of $14.06. BlackRock MuniHoldings New Jersey Quality Fund has a 52 week low of $12.47 and a 52 week high of $16.28.
The firm also recently announced a monthly dividend, which will be paid on Friday, July 1st. Investors of record on Wednesday, June 15th will be paid a $0.063 dividend. The ex-dividend date is Tuesday, June 14th. This represents a $0.76 dividend on an annualized basis and a yield of 5.74%.
BlackRock MuniHoldings New Jersey Quality Fund Company Profile (Get Rating)
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.
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