BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Short Interest Update

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 5,669 shares, a drop of 76.8% from the December 15th total of 24,397 shares. Based on an average daily volume of 58,184 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 58,184 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MPA. Royal Bank of Canada raised its position in shares of BlackRock MuniYield Pennsylvania Quality Fund by 2.3% in the first quarter. Royal Bank of Canada now owns 66,568 shares of the investment management company’s stock worth $746,000 after buying an additional 1,500 shares in the last quarter. Osaic Holdings Inc. increased its stake in BlackRock MuniYield Pennsylvania Quality Fund by 50.4% in the 2nd quarter. Osaic Holdings Inc. now owns 57,496 shares of the investment management company’s stock worth $620,000 after acquiring an additional 19,266 shares during the last quarter. Yakira Capital Management Inc. bought a new position in BlackRock MuniYield Pennsylvania Quality Fund in the 3rd quarter worth about $488,000. Ethos Financial Group LLC purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 2nd quarter valued at about $271,000. Finally, Raymond James Financial Inc. boosted its position in shares of BlackRock MuniYield Pennsylvania Quality Fund by 7.9% during the 3rd quarter. Raymond James Financial Inc. now owns 20,457 shares of the investment management company’s stock valued at $233,000 after acquiring an additional 1,500 shares during the last quarter. 24.70% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield Pennsylvania Quality Fund Trading Up 0.9%

Shares of MPA traded up $0.11 during midday trading on Wednesday, hitting $11.43. 50,647 shares of the company traded hands, compared to its average volume of 36,888. BlackRock MuniYield Pennsylvania Quality Fund has a one year low of $10.26 and a one year high of $12.08. The stock has a 50-day moving average of $11.24 and a 200-day moving average of $11.10.

BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a $0.0477 dividend. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a yield of 5.0%.

BlackRock MuniYield Pennsylvania Quality Fund Company Profile

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.