BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Short Interest Down 33.8% in September

Key Points

• BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) saw a 33.8% decline in short interest during September, down from 8,000 shares to 5,300 shares.
• The fund declared a monthly dividend of $0.066 per share, set to be paid on November 3rd, with an ex-dividend date of October 15th, resulting in an annualized yield of 7.0%.
• Institutional investors now own 24.70% of the fund's stock, with significant recent increases in holdings from firms like Wolverine Asset Management and Osaic Holdings.

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA - ) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 5,300 shares, a decline of 33.8% from the September 15th total of 8,000 shares. Based on an average daily trading volume, of 41,100 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 41,100 shares, the days-to-cover ratio is currently 0.1 days.

BlackRock MuniYield Pennsylvania Quality Fund Price Performance

Shares of BlackRock MuniYield Pennsylvania Quality Fund stock traded down $0.03 on Wednesday, reaching $11.36. The stock had a trading volume of 17,108 shares, compared to its average volume of 43,561. BlackRock MuniYield Pennsylvania Quality Fund has a fifty-two week low of $10.26 and a fifty-two week high of $12.55. The business's 50-day moving average price is $11.15 and its two-hundred day moving average price is $10.90.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be issued a $0.066 dividend. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Wednesday, October 15th.

Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Wolverine Asset Management LLC lifted its position in BlackRock MuniYield Pennsylvania Quality Fund by 86.5% during the 1st quarter. Wolverine Asset Management LLC now owns 69,907 shares of the investment management company's stock worth $784,000 after buying an additional 32,419 shares in the last quarter. Ethos Financial Group LLC acquired a new position in BlackRock MuniYield Pennsylvania Quality Fund during the 2nd quarter worth about $271,000. Osaic Holdings Inc. lifted its position in BlackRock MuniYield Pennsylvania Quality Fund by 50.4% during the 2nd quarter. Osaic Holdings Inc. now owns 57,496 shares of the investment management company's stock worth $620,000 after buying an additional 19,266 shares in the last quarter. Shufro Rose & Co. LLC acquired a new position in BlackRock MuniYield Pennsylvania Quality Fund during the 1st quarter valued at about $168,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the 1st quarter worth approximately $117,000. Institutional investors own 24.70% of the company's stock.

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.

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