BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) Short Interest Down 35.2% in August

BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) saw a large drop in short interest in August. As of August 31st, there was short interest totalling 54,600 shares, a drop of 35.2% from the August 15th total of 84,300 shares. Based on an average daily volume of 94,300 shares, the short-interest ratio is currently 0.6 days.

BlackRock MuniHoldings Fund Stock Up 0.5 %

Shares of MHD traded up $0.06 during midday trading on Monday, reaching $12.87. 87,703 shares of the stock were exchanged, compared to its average volume of 103,728. BlackRock MuniHoldings Fund has a 12-month low of $9.92 and a 12-month high of $12.96. The firm has a 50 day simple moving average of $12.23 and a 200-day simple moving average of $11.98.

BlackRock MuniHoldings Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.0595 per share. The ex-dividend date is Tuesday, October 15th. This is an increase from BlackRock MuniHoldings Fund’s previous monthly dividend of $0.05. This represents a $0.71 dividend on an annualized basis and a dividend yield of 5.55%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Karpus Management Inc. raised its stake in shares of BlackRock MuniHoldings Fund by 9.9% in the 1st quarter. Karpus Management Inc. now owns 6,202,504 shares of the company’s stock valued at $74,926,000 after acquiring an additional 556,998 shares in the last quarter. Fiera Capital Corp raised its stake in shares of BlackRock MuniHoldings Fund by 8.3% in the 4th quarter. Fiera Capital Corp now owns 850,647 shares of the company’s stock valued at $10,131,000 after acquiring an additional 65,450 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of BlackRock MuniHoldings Fund by 4.9% in the 1st quarter. Van ECK Associates Corp now owns 411,409 shares of the company’s stock valued at $4,970,000 after acquiring an additional 19,194 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of BlackRock MuniHoldings Fund by 298.8% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 292,156 shares of the company’s stock valued at $3,532,000 after acquiring an additional 218,890 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of BlackRock MuniHoldings Fund by 7.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 272,684 shares of the company’s stock valued at $3,297,000 after acquiring an additional 19,295 shares in the last quarter.

About BlackRock MuniHoldings Fund

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.