Short Interest in BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Decreases By 33.1%

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 12,100 shares, a decrease of 33.1% from the January 15th total of 18,100 shares. Based on an average trading volume of 25,200 shares, the short-interest ratio is currently 0.5 days.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. sold 3,268 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $11.84, for a total value of $38,693.12. Following the completion of the sale, the insider now owns 2,202,857 shares of the company’s stock, valued at approximately $26,081,826.88. This represents a 0.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 96,608 shares of company stock worth $1,134,975. Company insiders own 1.00% of the company’s stock.

Institutional Trading of BlackRock MuniYield Pennsylvania Quality Fund

Several hedge funds have recently added to or reduced their stakes in the company. Amplius Wealth Advisors LLC purchased a new position in BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter valued at approximately $179,000. Raymond James Financial Inc. purchased a new position in BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter valued at approximately $198,000. Wolverine Asset Management LLC purchased a new position in BlackRock MuniYield Pennsylvania Quality Fund in the third quarter valued at approximately $234,000. Haverford Trust Co increased its stake in BlackRock MuniYield Pennsylvania Quality Fund by 6.3% in the fourth quarter. Haverford Trust Co now owns 35,209 shares of the investment management company’s stock valued at $411,000 after purchasing an additional 2,089 shares during the last quarter. Finally, PNC Financial Services Group Inc. purchased a new position in BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter valued at approximately $546,000. Institutional investors and hedge funds own 24.70% of the company’s stock.

BlackRock MuniYield Pennsylvania Quality Fund Stock Up 0.2 %

Shares of MPA traded up $0.03 during mid-day trading on Friday, hitting $11.53. 43,224 shares of the company’s stock were exchanged, compared to its average volume of 21,741. BlackRock MuniYield Pennsylvania Quality Fund has a fifty-two week low of $11.31 and a fifty-two week high of $12.82. The stock’s 50-day moving average is $11.81 and its 200-day moving average is $12.14.

BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a $0.066 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.79 annualized dividend and a yield of 6.87%.

BlackRock MuniYield Pennsylvania Quality Fund Company Profile

BlackRock MuniYield Pennsylvania Quality Fund is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in long-term investment grade municipal obligations exempt from federal income taxes and Pennsylvania income taxes.