Jersey brand

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Short Interest Up 59.1% in April


BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE: MUJ – Get Rating) benefited from strong short-term interest growth during the month of April. As of April 15, there were short interests totaling 29,600 shares, a growth of 59.1% from the total of 18,600 shares as of March 31. Based on an average daily trading volume of 76,100 shares, the short-term interest rate ratio is currently 0.4 days.

Separately, portfolio manager Theodore R. Jaeckel, Jr. bought 3,890 shares in a trade on Tuesday, March 29. The shares were purchased at an average price of $12.94 per share, with a total value of $50,336.60. The acquisition was disclosed in a legal filing with the SEC, accessible via this hyperlink. 1.00% of the shares are currently held by insiders.

A number of hedge funds and other institutional investors have been buying and selling shares of MUJ recently. Pallas Capital Advisors LLC bought a new position in BlackRock MuniHoldings New Jersey Quality Fund during Q1 worth $210,000. Wells Fargo & Company MN increased its holdings of BlackRock MuniHoldings New Jersey Quality Fund shares by 5.3% during the 4th quarter. Wells Fargo & Company MN now owns 133,172 shares of the financial services provider worth $2,112,000 after purchasing an additional 6,685 shares in the last quarter. Bell Rock Capital LLC bought a new stock position in BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter at a value of $169,000. LPL Financial LLC increased its stake in BlackRock MuniHoldings New Jersey Quality Fund by 1.7% in the fourth quarter. LPL Financial LLC now owns 92,693 shares of the financial services provider valued at $1,470,000 after buying an additional 1,535 shares last quarter. Finally, Shore Point Advisors LLC acquired a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter at a value of approximately $50,000. 10.46% of the shares are held by hedge funds and other institutional investors.

Shares of BlackRock MuniHoldings New Jersey Quality Fund traded down $0.12 on Friday, hitting $12.56. The stock recorded trading volume of 87,581 shares, compared to an average trading volume of 109,405 shares. The company’s 50-day moving average is $13.38 and its two-hundred-day moving average is $14.55. BlackRock MuniHoldings New Jersey Quality Fund has a 12-month low of $12.47 and a 12-month high of $16.28.

The company also recently declared a monthly dividend, which will be paid on Monday, May 2. Investors of record on Thursday, April 7 will receive a dividend of $0.063 per share. This represents a dividend of $0.76 on an annualized basis and a yield of 6.02%. The ex-date of this dividend is Wednesday, April 6.

About BlackRock MuniHoldings New Jersey Quality Fund (Get a rating)

BlackRock MuniHoldings New Jersey Quality Fund, Inc is a closed-end, fixed-income mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC. It invests in US bond markets. The fund invests primarily in long-term, investment-grade municipal bonds that are exempt from federal income tax and New Jersey personal income tax.

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