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

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 5,669 shares, a drop of 76.8% from the December 15th total of 24,397 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 58,184 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 58,184 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

Large investors have recently modified their holdings of the company. Raymond James Financial Inc. lifted its stake 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 in the last quarter. Yakira Capital Management Inc. purchased a new position in BlackRock MuniYield Pennsylvania Quality Fund in the third quarter valued at approximately $488,000. Breakwater Capital Group acquired a new position in BlackRock MuniYield Pennsylvania Quality Fund during the third quarter valued at approximately $224,000. Osaic Holdings Inc. lifted its position in 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 valued at $620,000 after buying an additional 19,266 shares in the last quarter. Finally, Ethos Financial Group LLC purchased a new stake in BlackRock MuniYield Pennsylvania Quality Fund during the second quarter worth approximately $271,000. 24.70% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield Pennsylvania Quality Fund Stock Up 0.6%

Shares of MPA traded up $0.07 during mid-day trading on Tuesday, reaching $11.32. The company had a trading volume of 17,274 shares, compared to its average volume of 16,497. BlackRock MuniYield Pennsylvania Quality Fund has a fifty-two week low of $10.26 and a fifty-two week high of $12.08. The firm has a fifty day simple moving average of $11.24 and a 200-day simple moving average of $11.09.

BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given 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 of this dividend is Friday, March 13th.

About BlackRock MuniYield Pennsylvania Quality Fund

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.