BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Short Interest Update

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 5,600 shares, a growth of 19.1% from the February 28th total of 4,700 shares. Based on an average daily volume of 28,700 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

BlackRock MuniYield Pennsylvania Quality Fund Trading Down 0.5 %

Shares of NYSE MPA traded down $0.06 on Wednesday, reaching $11.18. 99,796 shares of the company traded hands, compared to its average volume of 24,363. BlackRock MuniYield Pennsylvania Quality Fund has a fifty-two week low of $11.11 and a fifty-two week high of $12.82. The company has a 50 day moving average of $11.56 and a 200 day moving average of $11.93.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a dividend of $0.066 per share. The ex-dividend date was Friday, March 14th. This represents a $0.79 dividend on an annualized basis and a yield of 7.08%.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. sold 3,268 shares of BlackRock MuniYield Pennsylvania Quality Fund stock in a transaction on Monday, January 27th. The stock was 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 $26,081,826.88. The trade was a 0.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 124,289 shares of company stock worth $1,455,785 over the last ninety days. 1.00% of the stock is currently owned by insiders.

Institutional Trading of BlackRock MuniYield Pennsylvania Quality Fund

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its position in BlackRock MuniYield Pennsylvania Quality Fund by 2.8% during the 4th quarter. Bank of America Corp DE now owns 110,813 shares of the investment management company’s stock worth $1,293,000 after acquiring an additional 3,016 shares in the last quarter. LPL Financial LLC increased its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 7.0% in the fourth quarter. LPL Financial LLC now owns 78,437 shares of the investment management company’s stock worth $915,000 after buying an additional 5,156 shares during the last quarter. PNC Financial Services Group Inc. acquired a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter valued at about $546,000. Wolverine Asset Management LLC lifted its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 100.0% during the 4th quarter. Wolverine Asset Management LLC now owns 37,488 shares of the investment management company’s stock worth $437,000 after buying an additional 18,743 shares during the last quarter. Finally, Haverford Trust Co boosted its holdings 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 worth $411,000 after purchasing an additional 2,089 shares during the period. 24.70% of the stock is owned by hedge funds and other institutional investors.

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.