BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Sees Significant Decline in Short Interest

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) was the target of a significant decline in short interest in November. As of November 30th, there was short interest totalling 5,600 shares, a decline of 52.5% from the November 15th total of 11,800 shares. Based on an average daily trading volume, of 20,000 shares, the days-to-cover ratio is currently 0.3 days.

Insider Activity

In related news, Portfolio Manager Phillip Soccio sold 2,056 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $12.44, for a total value of $25,576.64. Following the sale, the portfolio manager now owns 1 shares of the company’s stock, valued at $12.44. This trade represents a 99.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund stock. Wolverine Asset Management LLC acquired a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 18,745 shares of the investment management company’s stock, valued at approximately $234,000. Wolverine Asset Management LLC owned approximately 0.14% of BlackRock MuniYield Pennsylvania Quality Fund at the end of the most recent quarter. 24.70% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Pennsylvania Quality Fund Price Performance

Shares of BlackRock MuniYield Pennsylvania Quality Fund stock traded down $0.07 during trading on Thursday, hitting $12.28. 16,601 shares of the stock were exchanged, compared to its average volume of 22,017. The firm’s 50-day moving average price is $12.24 and its 200 day moving average price is $12.35. BlackRock MuniYield Pennsylvania Quality Fund has a 12-month low of $11.30 and a 12-month high of $12.82.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.066 per share. The ex-dividend date is Monday, December 16th. This represents a $0.79 annualized dividend and a dividend yield of 6.45%.

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.