BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Sees Large Increase in Short Interest

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 5,600 shares, an increase of 19.1% from the February 28th total of 4,700 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 28,700 shares, the short-interest ratio is currently 0.2 days.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. sold 4,582 shares of BlackRock MuniYield Pennsylvania Quality Fund stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $11.59, for a total transaction of $53,105.38. Following the completion of the transaction, the insider now directly owns 1,987,259 shares of the company’s stock, valued at $23,032,331.81. This trade represents a 0.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 124,289 shares of company stock valued at $1,455,785 over the last three months. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE raised its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 2.8% in the fourth quarter. Bank of America Corp DE now owns 110,813 shares of the investment management company’s stock worth $1,293,000 after purchasing an additional 3,016 shares during the last quarter. Nomura Holdings Inc. bought a new position in BlackRock MuniYield Pennsylvania Quality Fund during the fourth quarter valued at approximately $184,000. Raymond James Financial Inc. purchased a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter worth approximately $198,000. LPL Financial LLC grew its position in BlackRock MuniYield Pennsylvania Quality Fund by 7.0% in the 4th quarter. LPL Financial LLC now owns 78,437 shares of the investment management company’s stock worth $915,000 after purchasing an additional 5,156 shares during the period. Finally, Haverford Trust Co lifted its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 6.3% during the 4th quarter. Haverford Trust Co now owns 35,209 shares of the investment management company’s stock valued at $411,000 after buying an additional 2,089 shares during the period. Institutional investors own 24.70% of the company’s stock.

BlackRock MuniYield Pennsylvania Quality Fund Price Performance

Shares of MPA opened at $11.18 on Friday. The business’s 50 day moving average price is $11.55 and its 200-day moving average price is $11.92. BlackRock MuniYield Pennsylvania Quality Fund has a 52 week low of $11.11 and a 52 week high of $12.82.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.066 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.79 dividend on an annualized basis and a yield of 7.08%.

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.