BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Short Interest Down 59.5% in February

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 4,700 shares, a drop of 59.5% from the February 13th total of 11,600 shares. Based on an average daily trading volume, of 27,800 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

BlackRock MuniYield Pennsylvania Quality Fund Price Performance

Shares of MPA stock traded down $0.11 during midday trading on Thursday, reaching $11.40. 13,545 shares of the company traded hands, compared to its average volume of 25,595. The firm’s 50 day simple moving average is $11.74 and its two-hundred day simple moving average is $12.04. BlackRock MuniYield Pennsylvania Quality Fund has a 1-year low of $11.31 and a 1-year high of $12.82.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.066 per share. This represents a $0.79 annualized dividend and a dividend yield of 6.95%. The ex-dividend date of this dividend is Friday, March 14th.

Insider Activity at BlackRock MuniYield Pennsylvania Quality Fund

In other BlackRock MuniYield Pennsylvania Quality Fund news, major shareholder Saba Capital Management, L.P. sold 3,378 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $11.87, for a total value of $40,096.86. Following the transaction, the insider now directly owns 2,180,706 shares of the company’s stock, valued at approximately $25,884,980.22. The trade was a 0.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 120,880 shares of company stock valued at $1,417,090 in the last ninety days. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Amplius Wealth Advisors LLC purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the fourth quarter worth about $179,000. Nomura Holdings Inc. purchased a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund during the 4th quarter worth about $184,000. Raymond James Financial Inc. acquired a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter worth approximately $198,000. Wolverine Asset Management LLC purchased a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the third quarter valued at approximately $234,000. Finally, Haverford Trust Co acquired a new position in BlackRock MuniYield Pennsylvania Quality Fund during the third quarter worth approximately $414,000. 24.70% of the stock is currently owned by hedge funds and other institutional investors.

About BlackRock MuniYield Pennsylvania Quality Fund

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.