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

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

Insider Activity at BlackRock MuniYield Pennsylvania Quality Fund

In other news, major shareholder Saba Capital Management, L.P. sold 3,268 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $11.84, for a total transaction of $38,693.12. Following the sale, the insider now directly owns 2,202,857 shares of the company’s stock, valued at approximately $26,081,826.88. This represents a 0.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 120,880 shares of company stock worth $1,417,090. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

Several large investors have recently added to or reduced their stakes in MPA. Bank of America Corp DE increased its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 2.8% during 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 buying an additional 3,016 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter worth about $184,000. Raymond James Financial Inc. purchased a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter worth about $198,000. LPL Financial LLC increased its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 7.0% in the fourth 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 in the last quarter. Finally, Haverford Trust Co increased its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 6.3% in the fourth quarter. Haverford Trust Co now owns 35,209 shares of the investment management company’s stock worth $411,000 after purchasing an additional 2,089 shares in the last quarter. Institutional investors and hedge funds own 24.70% of the company’s stock.

BlackRock MuniYield Pennsylvania Quality Fund Stock Performance

NYSE:MPA traded down $0.13 during trading hours on Friday, hitting $11.28. The company’s stock had a trading volume of 9,571 shares, compared to its average volume of 25,375. BlackRock MuniYield Pennsylvania Quality Fund has a twelve month low of $11.28 and a twelve month high of $12.82. The stock has a fifty day simple moving average of $11.72 and a 200-day simple moving average of $12.03.

BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.066 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.02%.

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.