Short Interest in BlackRock MuniHoldings Investment Quality Fund (NYSE:MFL) Decreases By 79.1%

BlackRock MuniHoldings Investment Quality Fund (NYSE:MFL) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 900 shares, a decline of 79.1% from the December 15th total of 4,300 shares. Based on an average daily volume of 39,900 shares, the days-to-cover ratio is currently 0.0 days.

Several large investors have recently modified their holdings of the company. Bremer Bank National Association raised its position in shares of BlackRock MuniHoldings Investment Quality Fund by 34.9% in the 4th quarter. Bremer Bank National Association now owns 15,713 shares of the investment management company’s stock valued at $233,000 after buying an additional 4,066 shares in the last quarter. UBS Group AG raised its position in shares of BlackRock MuniHoldings Investment Quality Fund by 0.6% in the 3rd quarter. UBS Group AG now owns 182,330 shares of the investment management company’s stock valued at $2,647,000 after buying an additional 1,043 shares in the last quarter. Rivernorth Capital Management LLC raised its position in shares of BlackRock MuniHoldings Investment Quality Fund by 1.7% in the 3rd quarter. Rivernorth Capital Management LLC now owns 499,180 shares of the investment management company’s stock valued at $7,248,000 after buying an additional 8,310 shares in the last quarter. Guggenheim Capital LLC raised its position in shares of BlackRock MuniHoldings Investment Quality Fund by 17.4% in the 3rd quarter. Guggenheim Capital LLC now owns 584,093 shares of the investment management company’s stock valued at $8,481,000 after buying an additional 86,764 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of BlackRock MuniHoldings Investment Quality Fund by 13.7% in the 3rd quarter. Royal Bank of Canada now owns 66,226 shares of the investment management company’s stock valued at $961,000 after buying an additional 7,964 shares in the last quarter. Institutional investors own 22.40% of the company’s stock.

BlackRock MuniHoldings Investment Quality Fund stock traded down $0.14 during midday trading on Friday, hitting $14.09. The company’s stock had a trading volume of 3,653 shares, compared to its average volume of 36,731. BlackRock MuniHoldings Investment Quality Fund has a 1-year low of $13.71 and a 1-year high of $15.25. The company has a 50-day moving average price of $14.50 and a two-hundred day moving average price of $14.69.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 1st. Shareholders of record on Friday, January 14th will be paid a $0.0485 dividend. This represents a $0.58 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend is Thursday, January 13th.

About BlackRock MuniHoldings Investment Quality Fund

BlackRock MuniHoldings Investment Quality Fund operates as closed end management investment company. Its investment objective is to provide shareholders with current income exempt from federal income tax and to provide shareholders with the opportunity to own shares the value of which is exempt from Florida intangible personal property tax.

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