BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Short Interest Down 33.7% in May

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 8,642 shares, a decrease of 33.7% from the May 14th total of 13,026 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 23,845 shares, the days-to-cover ratio is presently 0.4 days.

BlackRock MuniYield Pennsylvania Quality Fund Trading Down 0.2%

NYSE:MPA opened at $11.26 on Tuesday. BlackRock MuniYield Pennsylvania Quality Fund has a 1-year low of $10.50 and a 1-year high of $11.65. The company’s fifty day moving average price is $11.28 and its 200-day moving average price is $11.29.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a $0.0477 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%.

Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

Several hedge funds have recently modified their holdings of MPA. Fiera Capital Corp purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the 4th quarter worth about $1,792,000. Wolverine Asset Management LLC purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the 4th quarter worth about $880,000. NewEdge Advisors LLC purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the 1st quarter worth about $828,000. Wells Fargo & Company MN boosted its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 9.0% during the 4th quarter. Wells Fargo & Company MN now owns 897,743 shares of the investment management company’s stock worth $9,947,000 after acquiring an additional 74,171 shares in the last quarter. Finally, Yakira Capital Management Inc. purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the 3rd quarter worth about $488,000. 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 (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.