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

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 8,642 shares, a decline of 33.7% from the May 14th total of 13,026 shares. Based on an average trading volume of 23,845 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MPA. Fiera Capital Corp purchased a new position in BlackRock MuniYield Pennsylvania Quality Fund during the 4th quarter valued at about $1,792,000. Wolverine Asset Management LLC purchased a new position in BlackRock MuniYield Pennsylvania Quality Fund during the 4th quarter valued at about $880,000. NewEdge Advisors LLC purchased a new position in BlackRock MuniYield Pennsylvania Quality Fund during the 1st quarter valued at about $828,000. Wells Fargo & Company MN increased its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 9.0% during the 4th quarter. Wells Fargo & Company MN now owns 897,743 shares of the investment management company’s stock valued at $9,947,000 after purchasing an additional 74,171 shares during the period. Finally, Yakira Capital Management Inc. purchased a new position in BlackRock MuniYield Pennsylvania Quality Fund during the 3rd quarter valued at about $488,000. Hedge funds and other institutional investors own 24.70% of the company’s stock.

BlackRock MuniYield Pennsylvania Quality Fund Price Performance

NYSE MPA opened at $11.25 on Thursday. BlackRock MuniYield Pennsylvania Quality Fund has a 1-year low of $10.50 and a 1-year high of $11.65. The stock has a 50-day moving average of $11.29 and a 200-day moving average of $11.29.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a dividend of $0.0477 per share. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Tuesday, September 15th.

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.