BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Sees Significant Increase in Short Interest

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 10,167 shares, an increase of 79.3% from the December 31st total of 5,669 shares. Based on an average daily trading volume, of 28,361 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 28,361 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Aviance Capital Partners LLC grew its stake in BlackRock MuniYield Pennsylvania Quality Fund by 13.8% during the 2nd quarter. Aviance Capital Partners LLC now owns 17,959 shares of the investment management company’s stock worth $194,000 after buying an additional 2,178 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 5.6% during the second quarter. Raymond James Financial Inc. now owns 18,957 shares of the investment management company’s stock worth $205,000 after acquiring an additional 1,000 shares during the last quarter. Breakwater Capital Group purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the third quarter worth about $224,000. Ethos Financial Group LLC acquired a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund during the second quarter valued at about $271,000. Finally, Yakira Capital Management Inc. purchased a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 3rd quarter valued at approximately $488,000. 24.70% of the stock is owned by institutional investors.

BlackRock MuniYield Pennsylvania Quality Fund Price Performance

Shares of MPA stock traded up $0.02 during trading hours on Friday, reaching $11.44. 32,195 shares of the stock were exchanged, compared to its average volume of 39,780. BlackRock MuniYield Pennsylvania Quality Fund has a 12-month low of $10.26 and a 12-month high of $12.00. The company’s 50-day moving average price is $11.26 and its 200-day moving average price is $11.15.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a $0.0477 dividend. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Friday, March 13th.

BlackRock MuniYield Pennsylvania Quality Fund Company Profile

BlackRock MuniYield Pennsylvania Quality Fund (NYSE: MPA) is a non-diversified, closed-end management investment company whose primary objective is to provide shareholders with current income exempt from regular U.S. federal and Pennsylvania personal income taxes, and to a lesser extent, capital appreciation. The fund pursues its objective by investing in municipal securities that are issued by or for the benefit of the Commonwealth of Pennsylvania and its political subdivisions.

In managing its portfolio, the fund typically allocates at least 80% of its assets to investment-grade municipal bonds issued within Pennsylvania.