BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Short Interest Down 67.4% in April

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA - Get Free Report) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 19,800 shares, a decline of 67.4% from the April 15th total of 60,800 shares. Based on an average trading volume of 25,400 shares, the short-interest ratio is presently 0.8 days.

Insider Buying and Selling at BlackRock MuniYield Pennsylvania Quality Fund

In related news, major shareholder Saba Capital Management, L.P. acquired 5,033 shares of BlackRock MuniYield Pennsylvania Quality Fund stock in a transaction on Monday, February 26th. The shares were bought at an average price of $11.90 per share, for a total transaction of $59,892.70. Following the completion of the purchase, the insider now directly owns 2,024,526 shares in the company, valued at approximately $24,091,859.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders bought 124,699 shares of company stock valued at $1,498,477. Company insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Bell Private Wealth Management LLC lifted its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 273.4% in the first quarter. Blue Bell Private Wealth Management LLC now owns 20,490 shares of the investment management company's stock worth $248,000 after acquiring an additional 15,003 shares in the last quarter. Ethos Financial Group LLC acquired a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter worth about $349,000. Raymond James & Associates lifted its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 8.6% in the fourth quarter. Raymond James & Associates now owns 35,407 shares of the investment management company's stock worth $412,000 after acquiring an additional 2,805 shares in the last quarter. Wolverine Asset Management LLC lifted its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 1,037.2% in the fourth quarter. Wolverine Asset Management LLC now owns 13,556 shares of the investment management company's stock worth $158,000 after acquiring an additional 12,364 shares in the last quarter. Finally, Almitas Capital LLC acquired a new stake in BlackRock MuniYield Pennsylvania Quality Fund during the third quarter valued at approximately $119,000. Institutional investors and hedge funds own 24.70% of the company's stock.

BlackRock MuniYield Pennsylvania Quality Fund Trading Down 0.3 %

Shares of MPA traded down $0.04 during midday trading on Friday, reaching $11.99. 13,635 shares of the company were exchanged, compared to its average volume of 27,894. The stock has a 50-day moving average price of $12.08 and a 200-day moving average price of $11.63. BlackRock MuniYield Pennsylvania Quality Fund has a 1-year low of $9.87 and a 1-year high of $12.52.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.048 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend is Tuesday, May 14th.

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.