BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Short Interest Down 60.4% in September

Key Points

• Short interest in BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) fell by 60.4% in September, dropping from 20,200 shares at the end of August to 8,000 shares as of September 15th.
• Institutional investors own 24.70% of the stock, with several firms like Royal Bank of Canada and Osaic Holdings significantly increasing their holdings recently.
• The fund declared a monthly dividend of $0.066, set to be paid on November 3rd, reflecting an annualized yield of 6.9% for shareholders of record by October 15th.

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA - ) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 8,000 shares, a drop of 60.4% from the August 31st total of 20,200 shares. Based on an average trading volume of 49,600 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 49,600 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 2.3% in the first quarter. Royal Bank of Canada now owns 66,568 shares of the investment management company's stock worth $746,000 after buying an additional 1,500 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 50.4% in the second 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 during the last quarter. Raymond James Financial Inc. raised its holdings in shares of 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 buying an additional 1,000 shares during the last quarter. Ethos Financial Group LLC purchased a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the second quarter worth $271,000. Finally, Aviance Capital Partners LLC raised its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 13.8% in the second quarter. Aviance Capital Partners LLC now owns 17,959 shares of the investment management company's stock worth $194,000 after buying an additional 2,178 shares during the last quarter. 24.70% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Pennsylvania Quality Fund Price Performance

MPA traded up $0.05 during trading on Thursday, hitting $11.43. The stock had a trading volume of 127,412 shares, compared to its average volume of 44,768. BlackRock MuniYield Pennsylvania Quality Fund has a twelve month low of $10.26 and a twelve month high of $12.56. The stock has a 50 day simple moving average of $10.96 and a two-hundred day simple moving average of $10.89.

BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be paid a $0.066 dividend. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date is Wednesday, October 15th.

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.

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