BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Stock Short Interest Falls 41.0%

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 9,019 shares, a drop of 41.0% from the August 31st total of 15,279 shares. Based on an average trading volume of 29,292 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Breakwater Capital Group raised its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 6.0% during the 2nd quarter. Breakwater Capital Group now owns 20,917 shares of the investment management company’s stock worth $238,000 after acquiring an additional 1,191 shares in the last quarter. Aviance Capital Partners LLC increased its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 11.8% in the first quarter. Aviance Capital Partners LLC now owns 16,915 shares of the investment management company’s stock valued at $187,000 after purchasing an additional 1,782 shares during the period. Cetera Investment Advisers raised its position in BlackRock MuniYield Pennsylvania Quality Fund by 9.5% during the 1st quarter. Cetera Investment Advisers now owns 29,720 shares of the investment management company’s stock worth $328,000 after buying an additional 2,586 shares during the last quarter. Sit Investment Associates Inc. grew its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 2.3% during the fourth quarter. Sit Investment Associates Inc. now owns 168,799 shares of the investment management company’s stock worth $1,870,000 after acquiring an additional 3,729 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 56.0% during the 1st quarter. Bank of New York Mellon Corp now owns 20,729 shares of the investment management company’s stock valued at $229,000 after purchasing an additional 7,442 shares in the last quarter. 24.70% of the stock is currently owned by institutional investors.

BlackRock MuniYield Pennsylvania Quality Fund Stock Up 1.8%

Shares of MPA traded up $0.17 during trading hours on Wednesday, reaching $9.76. 30,178 shares of the company traded hands, compared to its average volume of 31,992. BlackRock MuniYield Pennsylvania Quality Fund has a 12-month low of $9.56 and a 12-month high of $11.87. The stock’s fifty day moving average price is $10.73 and its 200 day moving average price is $11.07.

BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be issued a $0.0477 dividend. The ex-dividend date is Friday, December 11th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 5.9%.

About BlackRock MuniYield Pennsylvania Quality Fund

BlackRock MuniYield Pennsylvania Quality Fund, Inc (NYSE: MPA) is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax and Pennsylvania personal income tax. The fund invests primarily in long-term municipal obligations issued by or on behalf of Pennsylvania and its local governments, as well as related public authorities and agencies.

Its portfolio may include bonds financing essential public services and infrastructure, such as education, transportation, utilities, health care, and housing.