BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) Sees Large Increase in Short Interest

Posted by Denise Davis on Dec 26th, 2024

BlackRock MuniHoldings Fund, Inc. (NYSE:MHD – Get Free Report) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 120,300 shares, a growth of 235.1% from the November 30th total of 35,900 shares. Based on an average daily trading volume, of 104,500 shares, the short-interest ratio is currently 1.2 days.

BlackRock MuniHoldings Fund Price Performance

Shares of NYSE MHD remained flat at $11.67 during mid-day trading on Thursday. 135,250 shares of the stock were exchanged, compared to its average volume of 103,577. The business has a 50-day simple moving average of $12.26 and a two-hundred day simple moving average of $12.29. BlackRock MuniHoldings Fund has a 1-year low of $11.41 and a 1-year high of $12.96.

BlackRock MuniHoldings Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.0595 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date of this dividend is Monday, December 16th.

Hedge Funds Weigh In On BlackRock MuniHoldings Fund

Hedge funds have recently modified their holdings of the stock. US Bancorp DE bought a new stake in BlackRock MuniHoldings Fund during the third quarter worth approximately $48,000. Wolverine Asset Management LLC acquired a new position in BlackRock MuniHoldings Fund in the 2nd quarter valued at $91,000. Ashton Thomas Private Wealth LLC bought a new position in BlackRock MuniHoldings Fund in the 2nd quarter worth $103,000. Insigneo Advisory Services LLC acquired a new position in BlackRock MuniHoldings Fund during the 2nd quarter worth $121,000. Finally, Essex Financial Services Inc. bought a new stake in BlackRock MuniHoldings Fund during the second quarter valued at about $140,000.

About BlackRock MuniHoldings Fund

(Get Free Report)

BlackRock MuniHoldings Fund, Inc is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds that are exempt from federal income taxes.