BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Short Interest Down 49.4% in February

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) was the recipient of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 12,696 shares, a decrease of 49.4% from the February 12th total of 25,092 shares. Based on an average trading volume of 22,939 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 22,939 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

Large investors have recently made changes to their positions in the company. Rivernorth Capital Management LLC lifted its position in shares of BlackRock MuniYield Pennsylvania Quality Fund by 2.4% in the fourth quarter. Rivernorth Capital Management LLC now owns 1,067,392 shares of the investment management company’s stock worth $11,827,000 after buying an additional 24,528 shares in the last quarter. Wells Fargo & Company MN grew its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 9.0% during the 4th quarter. Wells Fargo & Company MN now owns 897,743 shares of the investment management company’s stock valued at $9,947,000 after buying an additional 74,171 shares in the last quarter. Sit Investment Associates Inc. increased its stake in BlackRock MuniYield Pennsylvania Quality Fund by 2.3% in the 4th quarter. Sit Investment Associates Inc. now owns 168,799 shares of the investment management company’s stock worth $1,870,000 after acquiring an additional 3,729 shares during the last quarter. Fiera Capital Corp bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter worth approximately $1,792,000. Finally, LPL Financial LLC raised its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 23.3% during the 4th quarter. LPL Financial LLC now owns 120,031 shares of the investment management company’s stock worth $1,330,000 after acquiring an additional 22,700 shares in the last quarter. 24.70% of the stock is owned by institutional investors.

BlackRock MuniYield Pennsylvania Quality Fund Stock Performance

MPA traded down $0.03 during trading on Thursday, hitting $11.30. 33,365 shares of the company traded hands, compared to its average volume of 28,731. The stock’s 50-day simple moving average is $11.40 and its two-hundred day simple moving average is $11.30. BlackRock MuniYield Pennsylvania Quality Fund has a 1 year low of $10.26 and a 1 year high of $11.65.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a dividend of $0.0477 per share. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Monday, June 15th.

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.