Short Interest in BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Expands By 212.9%

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 18,141 shares, an increase of 212.9% from the April 15th total of 5,798 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 32,558 shares, the days-to-cover ratio is currently 0.6 days.

BlackRock MuniYield Pennsylvania Quality Fund Stock Down 1.7%

MPA traded down $0.19 during midday trading on Friday, reaching $11.24. The company had a trading volume of 37,901 shares, compared to its average volume of 29,026. BlackRock MuniYield Pennsylvania Quality Fund has a 12-month low of $10.50 and a 12-month high of $11.65. The business has a 50-day moving average price of $11.23 and a two-hundred day moving average price of $11.30.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be paid a $0.0477 dividend. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Monday, June 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MPA. Royal Bank of Canada boosted its stake in BlackRock MuniYield Pennsylvania Quality Fund by 2.3% in 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 last quarter. Raymond James Financial Inc. boosted its stake in BlackRock MuniYield Pennsylvania Quality Fund by 5.6% in the second quarter. Raymond James Financial Inc. now owns 18,957 shares of the investment management company’s stock valued at $205,000 after acquiring an additional 1,000 shares during the last quarter. Osaic Holdings Inc. boosted its stake in BlackRock MuniYield Pennsylvania Quality Fund by 50.4% in the second 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 during the last quarter. Breakwater Capital Group purchased a new position in BlackRock MuniYield Pennsylvania Quality Fund in the third quarter valued at about $224,000. Finally, Yakira Capital Management Inc. purchased a new position in BlackRock MuniYield Pennsylvania Quality Fund in the third quarter valued at about $488,000. 24.70% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield Pennsylvania Quality Fund Company Profile

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.