BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Short Interest Up 19.1% in March

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 5,600 shares, an increase of 19.1% from the February 28th total of 4,700 shares. Based on an average daily volume of 28,700 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Insider Activity at BlackRock MuniYield Pennsylvania Quality Fund

In related news, major shareholder Saba Capital Management, L.P. sold 3,268 shares of the firm's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $11.84, for a total transaction of $38,693.12. Following the completion of the sale, the insider now directly owns 2,202,857 shares in the company, valued at approximately $26,081,826.88. This trade represents a 0.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders sold 124,289 shares of company stock valued at $1,455,785. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

A number of institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. acquired a new position in BlackRock MuniYield Pennsylvania Quality Fund during the 4th quarter worth about $546,000. Wolverine Asset Management LLC lifted its position in shares of BlackRock MuniYield Pennsylvania Quality Fund by 100.0% during the fourth quarter. Wolverine Asset Management LLC now owns 37,488 shares of the investment management company's stock worth $437,000 after purchasing an additional 18,743 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter valued at approximately $198,000. Nomura Holdings Inc. acquired a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter valued at approximately $184,000. Finally, Amplius Wealth Advisors LLC acquired a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter valued at approximately $179,000. 24.70% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield Pennsylvania Quality Fund Price Performance

NYSE:MPA traded down $0.12 on Monday, reaching $10.94. The company's stock had a trading volume of 12,988 shares, compared to its average volume of 25,015. BlackRock MuniYield Pennsylvania Quality Fund has a 12-month low of $10.90 and a 12-month high of $12.82. The stock has a 50 day moving average price of $11.53 and a 200 day moving average price of $11.90.

BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a $0.066 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.79 annualized dividend and a yield of 7.24%.

BlackRock MuniYield Pennsylvania Quality Fund Company Profile

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.