BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Sees Large Increase in Short Interest

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) was the recipient of a significant growth in short interest during the month of 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 short-interest ratio is currently 0.5 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Trading of BlackRock MuniYield Pennsylvania Quality Fund

Large investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 44.2% during the fourth quarter. Royal Bank of Canada now owns 16,303 shares of the investment management company’s stock valued at $181,000 after purchasing an additional 5,000 shares during the last quarter. Raymond James Financial Inc. increased its position in BlackRock MuniYield Pennsylvania Quality Fund by 7.9% in the 3rd quarter. Raymond James Financial Inc. now owns 20,457 shares of the investment management company’s stock worth $233,000 after buying an additional 1,500 shares during the period. Cetera Investment Advisers raised its stake in BlackRock MuniYield Pennsylvania Quality Fund by 13.1% during the 4th quarter. Cetera Investment Advisers now owns 27,134 shares of the investment management company’s stock valued at $301,000 after purchasing an additional 3,153 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 43.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 40,457 shares of the investment management company’s stock valued at $448,000 after buying an additional 12,197 shares during the period. Finally, Osaic Holdings Inc. lifted its position in shares of BlackRock MuniYield Pennsylvania Quality Fund by 50.4% in the 2nd 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. Institutional investors own 24.70% of the company’s stock.

BlackRock MuniYield Pennsylvania Quality Fund Price Performance

NYSE MPA remained flat at $11.39 during trading on Friday. 21,721 shares of the company’s stock were exchanged, compared to its average volume of 35,231. BlackRock MuniYield Pennsylvania Quality Fund has a 1 year low of $10.50 and a 1 year high of $11.87. The stock has a fifty day simple moving average of $11.29 and a 200-day simple moving average of $11.29.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The firm 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 is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 5.0%.

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.