BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Short Interest Down 33.1% in January

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 12,100 shares, a decline of 33.1% from the January 15th total of 18,100 shares. Based on an average trading volume of 25,200 shares, the short-interest ratio is currently 0.5 days.

BlackRock MuniYield Pennsylvania Quality Fund Price Performance

Shares of NYSE:MPA traded up $0.03 during mid-day trading on Friday, reaching $11.53. The stock had a trading volume of 43,224 shares, compared to its average volume of 21,741. BlackRock MuniYield Pennsylvania Quality Fund has a 1 year low of $11.31 and a 1 year high of $12.82. The business’s 50 day moving average price is $11.81 and its 200 day moving average price is $12.14.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a dividend of $0.066 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.79 annualized dividend and a yield of 6.87%.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. sold 3,268 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $11.84, for a total value of $38,693.12. Following the transaction, the insider now directly owns 2,202,857 shares in the company, valued at $26,081,826.88. The trade was a 0.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 96,608 shares of company stock worth $1,134,975 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

Several large investors have recently added to or reduced their stakes in the stock. Amplius Wealth Advisors LLC bought a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund during the fourth quarter valued at approximately $179,000. Raymond James Financial Inc. purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter valued at approximately $198,000. Wolverine Asset Management LLC purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the third quarter valued at approximately $234,000. Haverford Trust Co purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the third quarter valued at approximately $414,000. Finally, PNC Financial Services Group Inc. purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter valued at approximately $546,000. 24.70% of the stock is owned by institutional investors.

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.