Short Interest in BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Rises By 212.9%

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 18,141 shares, a growth of 212.9% from the April 15th total of 5,798 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 32,558 shares, the days-to-cover ratio is presently 0.6 days.

BlackRock MuniYield Pennsylvania Quality Fund Stock Performance

NYSE:MPA traded down $0.19 during trading hours on Friday, hitting $11.24. The company’s stock had a trading volume of 37,901 shares, compared to its average volume of 29,026. The stock has a fifty day moving average of $11.23 and a 200-day moving average of $11.30. BlackRock MuniYield Pennsylvania Quality Fund has a 52-week low of $10.50 and a 52-week high of $11.65.

BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a dividend of $0.0477 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%.

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 the company. Raymond James Financial Inc. increased its position in shares of BlackRock MuniYield Pennsylvania Quality Fund by 5.6% during the second quarter. Raymond James Financial Inc. now owns 18,957 shares of the investment management company’s stock worth $205,000 after purchasing an additional 1,000 shares in the last quarter. Royal Bank of Canada increased its position in shares of BlackRock MuniYield Pennsylvania Quality Fund by 2.3% during the first quarter. Royal Bank of Canada now owns 66,568 shares of the investment management company’s stock worth $746,000 after purchasing an additional 1,500 shares in the last quarter. Aviance Capital Partners LLC increased its position in shares of BlackRock MuniYield Pennsylvania Quality Fund by 11.8% during the first quarter. Aviance Capital Partners LLC now owns 16,915 shares of the investment management company’s stock worth $187,000 after purchasing an additional 1,782 shares in the last quarter. Elyxium Wealth LLC acquired a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the fourth quarter worth about $27,000. Finally, Cetera Investment Advisers increased its position in shares of BlackRock MuniYield Pennsylvania Quality Fund by 9.5% during the first quarter. Cetera Investment Advisers now owns 29,720 shares of the investment management company’s stock worth $328,000 after purchasing an additional 2,586 shares in the last quarter. Institutional investors and hedge funds own 24.70% of the company’s stock.

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.