Short Interest in BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Decreases By 33.7%

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPAGet Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 8,642 shares, a decrease of 33.7% from the May 14th total of 13,026 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 23,845 shares, the days-to-cover ratio is currently 0.4 days.

BlackRock MuniYield Pennsylvania Quality Fund Trading Down 0.0%

MPA stock traded down $0.01 during midday trading on Wednesday, hitting $11.25. 20,802 shares of the company traded hands, compared to its average volume of 33,344. BlackRock MuniYield Pennsylvania Quality Fund has a twelve month low of $10.50 and a twelve month high of $11.65. The business has a 50 day simple moving average of $11.28 and a 200-day simple moving average of $11.29.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a $0.0477 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 5.1%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MPA. Royal Bank of Canada increased its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 2.3% in the 1st quarter. Royal Bank of Canada now owns 66,568 shares of the investment management company’s stock valued at $746,000 after buying an additional 1,500 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 5.6% during the 2nd 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 period. Osaic Holdings Inc. boosted its position in shares of BlackRock MuniYield Pennsylvania Quality Fund by 50.4% during the 2nd quarter. Osaic Holdings Inc. now owns 57,496 shares of the investment management company’s stock valued at $620,000 after acquiring an additional 19,266 shares in the last quarter. Yakira Capital Management Inc. bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the third quarter valued at about $488,000. Finally, Wolverine Asset Management LLC acquired a new position in BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter worth about $880,000. 24.70% of the stock is owned by institutional investors.

BlackRock MuniYield Pennsylvania Quality Fund Company Profile

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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.

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