Short Interest in BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Expands By 285.1%

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPAGet Rating) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 18,100 shares, an increase of 285.1% from the April 30th total of 4,700 shares. Based on an average daily trading volume, of 35,400 shares, the days-to-cover ratio is currently 0.5 days.

MPA stock traded up $0.07 during midday trading on Thursday, hitting $13.27. The stock had a trading volume of 393 shares, compared to its average volume of 30,963. The business has a fifty day moving average price of $12.85 and a two-hundred day moving average price of $14.50. BlackRock MuniYield Pennsylvania Quality Fund has a 1-year low of $12.32 and a 1-year 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 given a $0.055 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend is Friday, May 13th.

Institutional investors have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC bought a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund during the 1st quarter valued at $750,000. Rivernorth Capital Management LLC raised its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 124.7% in the first quarter. Rivernorth Capital Management LLC now owns 43,036 shares of the investment management company’s stock worth $562,000 after buying an additional 23,887 shares during the last quarter. Ackerman Capital Advisors LLC bought a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the first quarter worth approximately $296,000. Ambassador Advisors LLC bought a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the third quarter worth approximately $309,000. Finally, Matisse Capital bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund during the first quarter valued at approximately $250,000. 7.32% of the stock is owned by hedge funds and other institutional investors.

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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