Short Interest in BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Declines By 59.5%

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 4,700 shares, a decline of 59.5% from the February 13th total of 11,600 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 27,800 shares, the short-interest ratio is presently 0.2 days.

BlackRock MuniYield Pennsylvania Quality Fund Price Performance

Shares of MPA stock traded down $0.11 on Thursday, hitting $11.40. The stock had a trading volume of 13,545 shares, compared to its average volume of 25,595. BlackRock MuniYield Pennsylvania Quality Fund has a 52-week low of $11.31 and a 52-week high of $12.82. The stock’s 50 day moving average is $11.74 and its 200-day moving average is $12.04.

BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.066 dividend. This represents a $0.79 dividend on an annualized basis and a yield of 6.95%. The ex-dividend date is Friday, March 14th.

Insider Buying and Selling at BlackRock MuniYield Pennsylvania Quality Fund

In other news, major shareholder Saba Capital Management, L.P. sold 3,268 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $11.84, for a total value of $38,693.12. Following the transaction, the insider now owns 2,202,857 shares of the company’s stock, valued at approximately $26,081,826.88. This trade represents a 0.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, insiders sold 120,880 shares of company stock valued at $1,417,090. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

A number of hedge funds have recently bought and sold shares of MPA. Nomura Holdings Inc. purchased a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund during the 4th quarter valued at approximately $184,000. Bank of America Corp DE boosted its stake 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 valued at $1,293,000 after acquiring an additional 3,016 shares during the last quarter. Raymond James Financial Inc. bought a new position in BlackRock MuniYield Pennsylvania Quality Fund during the 4th quarter valued at $198,000. Haverford Trust Co grew its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 6.3% during the 4th quarter. Haverford Trust Co now owns 35,209 shares of the investment management company’s stock worth $411,000 after acquiring an additional 2,089 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 7.0% in the 4th quarter. LPL Financial LLC now owns 78,437 shares of the investment management company’s stock valued at $915,000 after purchasing an additional 5,156 shares in the last quarter. Institutional investors and hedge funds own 24.70% of the company’s stock.

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.