BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Sees Large Increase in Short Interest

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 5,600 shares, a growth of 19.1% from the February 28th total of 4,700 shares. Based on an average daily trading volume, of 28,700 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

BlackRock MuniYield Pennsylvania Quality Fund Price Performance

NYSE MPA traded up $0.05 during mid-day trading on Thursday, reaching $11.23. The stock had a trading volume of 69,968 shares, compared to its average volume of 24,555. BlackRock MuniYield Pennsylvania Quality Fund has a 1 year low of $11.11 and a 1 year high of $12.82. The company has a fifty day moving average price of $11.56 and a 200 day moving average price of $11.93.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were issued a dividend of $0.066 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.06%. The ex-dividend date of this dividend was Friday, March 14th.

Insider Buying and Selling

In other BlackRock MuniYield Pennsylvania Quality Fund news, major shareholder Saba Capital Management, L.P. sold 3,268 shares of BlackRock MuniYield Pennsylvania Quality Fund stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $11.84, for a total value of $38,693.12. Following the completion of the transaction, the insider now directly owns 2,202,857 shares of the company’s stock, valued at approximately $26,081,826.88. The trade was a 0.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 124,289 shares of company stock worth $1,455,785 in the last 90 days. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

Institutional investors have recently modified their holdings of the business. Amplius Wealth Advisors LLC bought a new position in BlackRock MuniYield Pennsylvania Quality Fund during the 4th quarter valued at about $179,000. Wolverine Asset Management LLC grew its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 100.0% in the fourth quarter. Wolverine Asset Management LLC now owns 37,488 shares of the investment management company’s stock worth $437,000 after acquiring an additional 18,743 shares during the period. Raymond James Financial Inc. purchased a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund during the fourth quarter valued at approximately $198,000. PNC Financial Services Group Inc. bought a new position in BlackRock MuniYield Pennsylvania Quality Fund during the fourth quarter valued at approximately $546,000. Finally, LPL Financial LLC boosted its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 7.0% in the fourth quarter. LPL Financial LLC now owns 78,437 shares of the investment management company’s stock worth $915,000 after purchasing an additional 5,156 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 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.