Short Interest in BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Grows By 114.8%

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA - Get Free Report) was the target of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 24,700 shares, a growth of 114.8% from the May 15th total of 11,500 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 52,100 shares, the short-interest ratio is presently 0.5 days.

BlackRock MuniYield Pennsylvania Quality Fund Stock Performance

Shares of MPA traded up $0.06 during mid-day trading on Tuesday, hitting $10.74. The stock had a trading volume of 70,655 shares, compared to its average volume of 30,043. BlackRock MuniYield Pennsylvania Quality Fund has a 52 week low of $10.26 and a 52 week high of $12.75. The business has a fifty day moving average price of $10.82 and a 200-day moving average price of $11.37.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a $0.066 dividend. This represents a $0.79 dividend on an annualized basis and a yield of 7.38%. The ex-dividend date is Friday, June 13th.

Insider Buying and Selling

In other BlackRock MuniYield Pennsylvania Quality Fund news, major shareholder Saba Capital Management, L.P. sold 93,799 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $11.04, for a total transaction of $1,035,540.96. Following the completion of the transaction, the insider now directly owns 1,660,220 shares of the company's stock, valued at approximately $18,328,828.80. This represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 500,714 shares of company stock worth $5,445,666. Insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

Several institutional investors have recently added to or reduced their stakes in the business. Santori & Peters Inc. bought a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the first quarter valued at approximately $112,000. Landscape Capital Management L.L.C. bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund during the 1st quarter valued at $117,000. Shufro Rose & Co. LLC purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the first quarter worth $168,000. Aviance Capital Partners LLC lifted its position in shares of BlackRock MuniYield Pennsylvania Quality Fund by 12.4% during the first quarter. Aviance Capital Partners LLC now owns 15,781 shares of the investment management company's stock worth $177,000 after acquiring an additional 1,746 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter worth $184,000. 24.70% of the stock is owned by hedge funds and other institutional investors.

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.