BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Short Interest Up 66.8% in March

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 21,173 shares, a growth of 66.8% from the February 26th total of 12,696 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 32,917 shares, the short-interest ratio is presently 0.6 days.

BlackRock MuniYield Pennsylvania Quality Fund Stock Performance

MPA stock traded down $0.07 during midday trading on Friday, hitting $10.83. The company’s stock had a trading volume of 27,174 shares, compared to its average volume of 37,022. The firm’s 50-day moving average is $11.38 and its 200-day moving average is $11.33. BlackRock MuniYield Pennsylvania Quality Fund has a 12 month low of $10.26 and a 12 month high of $11.65.

BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a dividend of $0.0477 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

Several large investors have recently bought and sold shares of MPA. Fiera Capital Corp purchased a new position in BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter worth about $1,792,000. Wolverine Asset Management LLC bought a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter worth approximately $880,000. Wells Fargo & Company MN raised its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 9.0% during the fourth quarter. Wells Fargo & Company MN now owns 897,743 shares of the investment management company’s stock valued at $9,947,000 after purchasing an additional 74,171 shares during the last quarter. Yakira Capital Management Inc. bought a new position in BlackRock MuniYield Pennsylvania Quality Fund during the third quarter valued at approximately $488,000. Finally, Rivernorth Capital Management LLC boosted its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 2.4% in the fourth quarter. Rivernorth Capital Management LLC now owns 1,067,392 shares of the investment management company’s stock worth $11,827,000 after purchasing an additional 24,528 shares during the last quarter. 24.70% of the stock is currently owned by institutional investors.

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.