BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Short Interest Down 33.7% in May

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 8,642 shares, a drop of 33.7% from the May 14th total of 13,026 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 23,845 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of BlackRock MuniYield Pennsylvania Quality Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in MPA. Elyxium Wealth LLC acquired a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter worth $27,000. Kestra Advisory Services LLC acquired a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter worth $39,000. Sovereign Financial Group Inc. acquired a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the first quarter worth $110,000. Bank of Montreal Can acquired a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter worth $137,000. Finally, Royal Bank of Canada increased its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 44.2% in the fourth quarter. Royal Bank of Canada now owns 16,303 shares of the investment management company’s stock worth $181,000 after acquiring an additional 5,000 shares during the period. Institutional investors and hedge funds own 24.70% of the company’s stock.

BlackRock MuniYield Pennsylvania Quality Fund Stock Down 0.2%

NYSE MPA opened at $11.26 on Tuesday. BlackRock MuniYield Pennsylvania Quality Fund has a 12-month low of $10.50 and a 12-month high of $11.65. The company has a fifty day simple moving average of $11.28 and a two-hundred day simple moving average of $11.29.

BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a $0.0477 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%.

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.