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

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) was the target of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 24,700 shares, an increase of 114.8% from the May 15th total of 11,500 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 52,100 shares, the days-to-cover ratio is presently 0.5 days.

BlackRock MuniYield Pennsylvania Quality Fund Stock Down 1.3%

Shares of MPA stock opened at $10.68 on Monday. BlackRock MuniYield Pennsylvania Quality Fund has a 52 week low of $10.26 and a 52 week high of $12.75. The firm’s 50-day simple moving average is $10.82 and its two-hundred day simple moving average is $11.38.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a $0.066 dividend. This represents a $0.79 annualized dividend and a dividend yield of 7.42%. The ex-dividend date of this dividend is Friday, June 13th.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. sold 25,184 shares of the business’s stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $10.82, for a total transaction of $272,490.88. Following the transaction, the insider now directly owns 1,274,468 shares in the company, valued at approximately $13,789,743.76. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have sold 500,714 shares of company stock worth $5,445,666. 1.00% of the stock is owned by insiders.

Institutional Trading of BlackRock MuniYield Pennsylvania Quality Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada increased its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 2.3% during the 1st quarter. Royal Bank of Canada now owns 66,568 shares of the investment management company’s stock worth $746,000 after acquiring an additional 1,500 shares during the period. Landscape Capital Management L.L.C. bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund during the 1st quarter worth approximately $117,000. Wolverine Asset Management LLC increased its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 86.5% during the 1st quarter. Wolverine Asset Management LLC now owns 69,907 shares of the investment management company’s stock worth $784,000 after acquiring an additional 32,419 shares during the period. Shufro Rose & Co. LLC bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund during the 1st quarter worth approximately $168,000. Finally, Aviance Capital Partners LLC increased its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 12.4% during the 1st quarter. Aviance Capital Partners LLC now owns 15,781 shares of the investment management company’s stock worth $177,000 after acquiring an additional 1,746 shares during the period. Institutional investors own 24.70% of the company’s stock.

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.