BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Short Interest Up 58.9% in March

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA - Get Free Report) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 8,900 shares, an increase of 58.9% from the March 15th total of 5,600 shares. Based on an average trading volume of 31,100 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

BlackRock MuniYield Pennsylvania Quality Fund Trading Up 0.6 %

BlackRock MuniYield Pennsylvania Quality Fund stock traded up $0.06 during midday trading on Friday, reaching $10.74. The stock had a trading volume of 22,131 shares, compared to its average volume of 25,133. BlackRock MuniYield Pennsylvania Quality Fund has a 12 month low of $10.26 and a 12 month high of $12.82. The firm's 50-day moving average price is $11.25 and its 200 day moving average price is $11.76.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a $0.066 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.79 dividend on an annualized basis and a yield of 7.37%.

Insiders Place Their Bets

In other BlackRock MuniYield Pennsylvania Quality Fund news, major shareholder Saba Capital Management, L.P. sold 3,000 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.73, for a total value of $35,190.00. Following the completion of the sale, the insider now directly owns 1,994,433 shares of the company's stock, valued at $23,394,699.09. This trade represents a 0.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders have sold 188,174 shares of company stock valued at $2,124,022. Company insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

Institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC raised its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 6.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 29,632 shares of the investment management company's stock valued at $332,000 after purchasing an additional 1,800 shares during the period. Merit Financial Group LLC bought a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the first quarter valued at about $319,000. Nomura Holdings Inc. purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter worth about $184,000. Bank of America Corp DE boosted its position 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 valued at $1,293,000 after acquiring an additional 3,016 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in BlackRock MuniYield Pennsylvania Quality Fund during the fourth quarter valued at approximately $198,000. Hedge funds and other institutional investors own 24.70% of the company's stock.

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.

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