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

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 34,400 shares, a growth of 286.5% from the March 31st total of 8,900 shares. Based on an average daily trading volume, of 36,300 shares, the short-interest ratio is currently 0.9 days. Currently, 0.3% of the shares of the stock are sold short.

BlackRock MuniYield Pennsylvania Quality Fund Stock Performance

MPA stock traded down $0.01 during mid-day trading on Tuesday, hitting $10.86. The stock had a trading volume of 7,124 shares, compared to its average volume of 33,678. The company has a fifty day moving average of $11.16 and a 200 day moving average of $11.68. BlackRock MuniYield Pennsylvania Quality Fund has a 1-year low of $10.26 and a 1-year high of $12.82.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.066 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.79 annualized dividend and a dividend yield of 7.30%.

Insider Buying and Selling at BlackRock MuniYield Pennsylvania Quality Fund

In other BlackRock MuniYield Pennsylvania Quality Fund news, major shareholder Saba Capital Management, L.P. sold 17,901 shares of the business’s stock in a transaction on Friday, April 25th. The shares were sold at an average price of $10.90, for a total transaction of $195,120.90. Following the sale, the insider now directly owns 1,846,479 shares of the company’s stock, valued at $20,126,621.10. The trade was a 0.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 216,220 shares of company stock valued at $2,417,634. Corporate 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 modified their holdings of the business. Santori & Peters Inc. acquired a new position in BlackRock MuniYield Pennsylvania Quality Fund during the first quarter valued at approximately $112,000. Aviance Capital Partners LLC raised its stake in BlackRock MuniYield Pennsylvania Quality Fund by 12.4% during the 1st quarter. Aviance Capital Partners LLC now owns 15,781 shares of the investment management company’s stock valued at $177,000 after purchasing an additional 1,746 shares during the last quarter. Amplius Wealth Advisors LLC bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter valued at $179,000. Nomura Holdings Inc. acquired a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter worth $184,000. Finally, Raymond James Financial Inc. acquired a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund during the fourth quarter valued at about $198,000. Institutional investors and hedge funds own 24.70% of the company’s stock.

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.