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

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) was the recipient of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 5,600 shares, a decrease 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 presently 0.3 days.

Insider Activity

In related news, Portfolio Manager Phillip Soccio sold 2,056 shares of the business’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 transaction of $25,576.64. Following the completion of the sale, the portfolio manager now directly owns 1 shares in the company, valued at approximately $12.44. The trade was a 99.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

A hedge fund recently bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund stock. Wolverine Asset Management LLC bought a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 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 as of its most recent filing with the Securities and Exchange Commission. 24.70% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield Pennsylvania Quality Fund Stock Down 0.7 %

Shares of MPA stock traded down $0.09 during trading hours on Friday, reaching $12.19. 11,611 shares of the company traded hands, compared to its average volume of 21,974. The firm has a 50-day moving average price of $12.23 and a 200 day moving average price of $12.35. BlackRock MuniYield Pennsylvania Quality Fund has a 12-month low of $11.40 and a 12-month high of $12.82.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.066 per share. This represents a $0.79 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date is Monday, December 16th.

BlackRock MuniYield Pennsylvania Quality Fund Company Profile

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.