BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Sees Significant Decline in Short Interest

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA - Get Free Report) was the target of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 12,100 shares, a decline of 33.1% from the January 15th total of 18,100 shares. Based on an average trading volume of 25,200 shares, the days-to-cover ratio is presently 0.5 days.

Insider Transactions at BlackRock MuniYield Pennsylvania Quality Fund

In related news, major shareholder Saba Capital Management, L.P. sold 4,500 shares of the business's stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $11.85, for a total value of $53,325.00. Following the completion of the sale, the insider now directly owns 2,206,125 shares of the company's stock, valued at $26,142,581.25. The trade was a 0.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 96,608 shares of company stock valued at $1,134,975. 1.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Amplius Wealth Advisors LLC bought a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter valued at $179,000. Nomura Holdings Inc. bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter worth $184,000. Raymond James Financial Inc. bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund during the fourth quarter valued at about $198,000. Wolverine Asset Management LLC bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund during the third quarter valued at about $234,000. Finally, Haverford Trust Co bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund during the third quarter valued at about $414,000. 24.70% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Pennsylvania Quality Fund Stock Up 0.0 %

BlackRock MuniYield Pennsylvania Quality Fund stock traded up $0.01 during midday trading on Tuesday, hitting $11.52. The stock had a trading volume of 4,900 shares, compared to its average volume of 25,125. The business has a fifty day moving average price of $11.79 and a 200 day moving average price of $12.14. BlackRock MuniYield Pennsylvania Quality Fund has a 12 month low of $11.31 and a 12 month high of $12.82.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a dividend of $0.066 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.79 annualized dividend and a dividend yield of 6.88%.

About BlackRock MuniYield Pennsylvania Quality Fund

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.