BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Short Interest Update

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA - Get Free Report) was the target of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 4,700 shares, a decrease of 59.5% from the February 13th total of 11,600 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 27,800 shares, the short-interest ratio is presently 0.2 days.

BlackRock MuniYield Pennsylvania Quality Fund Price Performance

Shares of NYSE:MPA remained flat at $11.28 during midday trading on Monday. The stock had a trading volume of 8,864 shares, compared to its average volume of 23,109. The company has a 50-day simple moving average of $11.71 and a two-hundred day simple moving average of $12.02. BlackRock MuniYield Pennsylvania Quality Fund has a 52-week low of $11.28 and a 52-week high of $12.82.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.066 per share. This represents a $0.79 annualized dividend and a yield of 7.02%. The ex-dividend date of this dividend is Friday, March 14th.

Insiders Place Their Bets

In other BlackRock MuniYield Pennsylvania Quality Fund news, major shareholder Saba Capital Management, L.P. sold 3,268 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $11.84, for a total value of $38,693.12. Following the sale, the insider now directly owns 2,202,857 shares of the company's stock, valued at approximately $26,081,826.88. This trade represents a 0.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders sold 122,473 shares of company stock worth $1,435,362. Company insiders own 1.00% of the company's stock.

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Institutional Trading of BlackRock MuniYield Pennsylvania Quality Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nomura Holdings Inc. acquired a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter worth about $184,000. Bank of America Corp DE boosted its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 2.8% in the fourth quarter. Bank of America Corp DE now owns 110,813 shares of the investment management company's stock worth $1,293,000 after acquiring an additional 3,016 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the fourth quarter worth approximately $198,000. Haverford Trust Co raised its stake in BlackRock MuniYield Pennsylvania Quality Fund by 6.3% in the 4th quarter. Haverford Trust Co now owns 35,209 shares of the investment management company's stock valued at $411,000 after purchasing an additional 2,089 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 7.0% in the 4th quarter. LPL Financial LLC now owns 78,437 shares of the investment management company's stock valued at $915,000 after purchasing an additional 5,156 shares in the last quarter. Hedge funds and other institutional investors own 24.70% of the company's stock.

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.