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

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 24,397 shares, an increase of 124.9% from the November 30th total of 10,850 shares. Based on an average trading volume of 46,190 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 46,190 shares, the days-to-cover ratio is presently 0.5 days.

BlackRock MuniYield Pennsylvania Quality Fund Trading Down 0.3%

MPA traded down $0.03 on Friday, reaching $11.05. The company’s stock had a trading volume of 60,037 shares, compared to its average volume of 43,200. BlackRock MuniYield Pennsylvania Quality Fund has a 1 year low of $10.26 and a 1 year high of $12.08. The business’s 50 day moving average is $11.29 and its 200 day moving average is $11.06.

BlackRock MuniYield Pennsylvania Quality Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be paid a $0.0477 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Monday, December 22nd.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Landscape Capital Management L.L.C. acquired a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 1st quarter valued at about $117,000. Aviance Capital Partners LLC increased its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 13.8% in the second quarter. Aviance Capital Partners LLC now owns 17,959 shares of the investment management company’s stock valued at $194,000 after buying an additional 2,178 shares during the last quarter. Raymond James Financial Inc. raised its stake in 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 valued at $205,000 after buying an additional 1,000 shares in the last quarter. Breakwater Capital Group bought a new position in BlackRock MuniYield Pennsylvania Quality Fund during the 3rd quarter worth approximately $224,000. Finally, Ethos Financial Group LLC acquired a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 2nd quarter worth approximately $271,000. 24.70% of the stock is owned by institutional investors and hedge funds.

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.