Blackrock MuniHoldings Fund, In (NYSE:MHD) Experiences Light Trading Volume

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Trading volume for Blackrock MuniHoldings Fund, In was 217 by the end of trading on Thursday. Volume was down 99.13% under the stocks average daily volume. Traders are more bullish on Blackrock MuniHoldings Fund, In as evidenced by the downtick in short interest. The firm recorded a fall in short interest of -35.30% as of the latest report on September 29, 2017. Short shares decreased from 33,553 to 21,709 over that timeframe.

Here are a few substantial investment firms who have updated their positions. As of quarter end Janney Montgomery Scott LLC had bought 105 shares growing its position 0.9%. The value of the company’s investment in Blackrock MuniHoldings Fund, In increased from $202,000 to $215,000 a change of 6.4% quarter to quarter. Guggenheim Capital LLC augmented its position by buying 680 shares an increase of 0.2% from 03/31/2017 to 06/30/2017. Guggenheim Capital LLC currently owns 363,088 shares valued at $6,350,000. The total value of its holdings increased 5.7%.

National Planning Corp added to its investment by buying 6,921 shares an increase of 57.4%. National Planning Corp now controls 18,977 shares with a value of $335,000. The value of the position overall is up by 67.5%. Ubs Group Ag expanded its holdings by buying 2,498 shares an increase of 238.4% in the quarter. Ubs Group Ag now holds 3,546 shares worth $62,000. The total value of its holdings increased 264.7%.

The company is down since yesterday’s close of 17.18. The stock is trading at $17.11 which is marginally under the 50 day moving average of $17.57 and marginally under the 200 day moving average of $17.31. The 50 day moving average was down by -2.60% whereas the 200 day average was down by -1.16%.

BlackRock MuniHoldings Fund, Inc. (the Fund), formerly known as MuniHoldings Fund, Inc., is a non-diversified, closed-end management investment company. The Fund seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of long-term, investment-grade municipal obligations, the interest on which is exempt from federal income taxes. The Fund may invest in certain securities whose potential income return is inversely related to changes in a floating interest rate (inverse floaters). It may invest in swap agreements. The Fund may write covered call options and purchase call and put options..