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

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 24,397 shares, an increase of 124.9% from the November 30th total of 10,850 shares. Based on an average trading volume of 46,190 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 46,190 shares, the days-to-cover ratio is currently 0.5 days.

BlackRock MuniYield Pennsylvania Quality Fund Stock Performance

MPA stock opened at $11.05 on Friday. The business has a 50 day moving average price of $11.29 and a 200 day moving average price of $11.06. BlackRock MuniYield Pennsylvania Quality Fund has a fifty-two week low of $10.26 and a fifty-two week high of $12.08.

BlackRock MuniYield Pennsylvania Quality Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be given a dividend of $0.0477 per share. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Monday, December 22nd.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in BlackRock MuniYield Pennsylvania Quality Fund by 2.3% during the 1st quarter. Royal Bank of Canada now owns 66,568 shares of the investment management company’s stock worth $746,000 after acquiring an additional 1,500 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 50.4% during the second quarter. Osaic Holdings Inc. now owns 57,496 shares of the investment management company’s stock worth $620,000 after purchasing an additional 19,266 shares during the last quarter. Yakira Capital Management Inc. purchased a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund during the third quarter worth about $488,000. Ethos Financial Group LLC acquired a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the second quarter worth about $271,000. Finally, Raymond James Financial Inc. lifted its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 7.9% in the 3rd quarter. Raymond James Financial Inc. now owns 20,457 shares of the investment management company’s stock valued at $233,000 after purchasing an additional 1,500 shares during the last quarter. 24.70% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Pennsylvania Quality Fund Company Profile

BlackRock MuniYield Pennsylvania Quality Fund (NYSE: MPA) is a non-diversified, closed-end management investment company whose primary objective is to provide shareholders with current income exempt from regular U.S. federal and Pennsylvania personal income taxes, and to a lesser extent, capital appreciation. The fund pursues its objective by investing in municipal securities that are issued by or for the benefit of the Commonwealth of Pennsylvania and its political subdivisions.

In managing its portfolio, the fund typically allocates at least 80% of its assets to investment-grade municipal bonds issued within Pennsylvania.