Short Interest in BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Declines By 71.3%

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPAGet Rating) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totalling 4,700 shares, a decrease of 71.3% from the April 15th total of 16,400 shares. Based on an average daily trading volume, of 36,300 shares, the days-to-cover ratio is currently 0.1 days.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Landscape Capital Management L.L.C. purchased a new position in BlackRock MuniYield Pennsylvania Quality Fund during the 1st quarter worth $157,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 1st quarter valued at $62,000. Janney Montgomery Scott LLC increased its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 9.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 43,518 shares of the investment management company’s stock valued at $568,000 after acquiring an additional 3,697 shares during the period. Wolverine Asset Management LLC purchased a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 1st quarter valued at $750,000. Finally, Commonwealth Equity Services LLC increased its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 35.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 16,997 shares of the investment management company’s stock valued at $221,000 after acquiring an additional 4,455 shares during the period. Institutional investors own 7.32% of the company’s stock.

Shares of NYSE MPA traded down $0.17 during midday trading on Thursday, hitting $12.75. The company’s stock had a trading volume of 2,382 shares, compared to its average volume of 32,034. The business’s 50 day moving average is $12.99 and its two-hundred day moving average is $14.68. BlackRock MuniYield Pennsylvania Quality Fund has a 12-month low of $12.32 and a 12-month high of $17.50.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Monday, May 16th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, May 13th. This represents a $0.66 annualized dividend and a yield of 5.18%.

About BlackRock MuniYield Pennsylvania Quality Fund (Get Rating)

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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