Short Interest in BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Increases By 92.9%

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 16,670 shares, a growth of 92.9% from the May 31st total of 8,642 shares. Based on an average daily trading volume, of 30,444 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

BlackRock MuniYield Pennsylvania Quality Fund Trading Up 0.1%

MPA stock traded up $0.01 during trading on Wednesday, reaching $11.38. 10,058 shares of the company’s stock were exchanged, compared to its average volume of 34,195. BlackRock MuniYield Pennsylvania Quality Fund has a 1-year low of $10.50 and a 1-year high of $11.87. The company’s fifty day moving average price is $11.29 and its 200-day moving average price is $11.29.

BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a $0.0477 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 5.0%.

Institutional Trading of BlackRock MuniYield Pennsylvania Quality Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 2.3% during the first quarter. Royal Bank of Canada now owns 66,568 shares of the investment management company’s stock valued at $746,000 after acquiring an additional 1,500 shares during the period. Raymond James Financial Inc. boosted its stake in 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 valued at $205,000 after buying an additional 1,000 shares in the last quarter. Osaic Holdings Inc. grew its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 50.4% during the second quarter. Osaic Holdings Inc. now owns 57,496 shares of the investment management company’s stock worth $620,000 after acquiring an additional 19,266 shares during the period. Yakira Capital Management Inc. bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the third quarter worth about $488,000. Finally, Wolverine Asset Management LLC bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter worth about $880,000. 24.70% of the stock is currently owned by institutional investors.

About BlackRock MuniYield Pennsylvania Quality Fund

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.