BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Short Interest Up 66.8% in March

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 21,173 shares, an increase of 66.8% from the February 26th total of 12,696 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 32,917 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Elyxium Wealth LLC bought a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter valued at approximately $27,000. Kestra Advisory Services LLC acquired a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the 4th quarter valued at approximately $39,000. Bank of Montreal Can bought a new position in BlackRock MuniYield Pennsylvania Quality Fund during the fourth quarter worth $137,000. Royal Bank of Canada lifted its stake in BlackRock MuniYield Pennsylvania Quality Fund by 44.2% during the fourth quarter. Royal Bank of Canada now owns 16,303 shares of the investment management company’s stock worth $181,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 5.6% in the second quarter. Raymond James Financial Inc. now owns 18,957 shares of the investment management company’s stock worth $205,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 24.70% of the company’s stock.

BlackRock MuniYield Pennsylvania Quality Fund Stock Performance

Shares of BlackRock MuniYield Pennsylvania Quality Fund stock traded down $0.07 during trading on Friday, reaching $10.83. The company had a trading volume of 27,174 shares, compared to its average volume of 31,621. The firm’s fifty day moving average is $11.37 and its 200-day moving average is $11.33. BlackRock MuniYield Pennsylvania Quality Fund has a fifty-two week low of $10.26 and a fifty-two week high of $11.65.

BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a $0.0477 dividend. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Monday, June 15th.

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.