BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Stock Short Interest Falls 41.0%

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 9,019 shares, a decrease of 41.0% from the August 31st total of 15,279 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 29,292 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

A number of institutional investors have recently made changes to their positions in MPA. Sit Investment Associates Inc. raised its stake in BlackRock MuniYield Pennsylvania Quality Fund by 2.3% during the 4th quarter. Sit Investment Associates Inc. now owns 168,799 shares of the investment management company’s stock valued at $1,870,000 after buying an additional 3,729 shares during the last quarter. Fiera Capital Corp bought a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter worth $1,792,000. NewEdge Advisors LLC purchased a new stake in BlackRock MuniYield Pennsylvania Quality Fund during the first quarter valued at $828,000. Cetera Investment Advisers lifted its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 9.5% in the first quarter. Cetera Investment Advisers now owns 29,720 shares of the investment management company’s stock valued at $328,000 after acquiring an additional 2,586 shares during the period. Finally, Royal Bank of Canada lifted its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 67.4% in the first quarter. Royal Bank of Canada now owns 27,298 shares of the investment management company’s stock valued at $301,000 after acquiring an additional 10,995 shares during the period. Hedge funds and other institutional investors own 24.70% of the company’s stock.

BlackRock MuniYield Pennsylvania Quality Fund Stock Performance

MPA traded up $0.08 on Friday, hitting $9.82. The company had a trading volume of 13,826 shares, compared to its average volume of 32,352. BlackRock MuniYield Pennsylvania Quality Fund has a 52-week low of $9.52 and a 52-week high of $11.87. The stock has a fifty day simple moving average of $10.68 and a 200-day simple moving average of $11.05.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be paid a $0.0477 dividend. The ex-dividend date is Friday, December 11th. This represents a $0.57 dividend on an annualized basis and a yield of 5.8%.

BlackRock MuniYield Pennsylvania Quality Fund Company Profile

BlackRock MuniYield Pennsylvania Quality Fund, Inc (NYSE: MPA) is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax and Pennsylvania personal income tax. The fund invests primarily in long-term municipal obligations issued by or on behalf of Pennsylvania and its local governments, as well as related public authorities and agencies.

Its portfolio may include bonds financing essential public services and infrastructure, such as education, transportation, utilities, health care, and housing.