BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Short Interest Down 21.2% in May

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA - Get Free Report) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 11,500 shares, a drop of 21.2% from the April 30th total of 14,600 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 45,900 shares, the days-to-cover ratio is presently 0.3 days.

BlackRock MuniYield Pennsylvania Quality Fund Stock Performance

BlackRock MuniYield Pennsylvania Quality Fund stock traded down $0.07 during mid-day trading on Thursday, reaching $10.82. The company had a trading volume of 30,142 shares, compared to its average volume of 29,538. BlackRock MuniYield Pennsylvania Quality Fund has a fifty-two week low of $10.26 and a fifty-two week high of $12.82. The business has a fifty day simple moving average of $10.85 and a 200 day simple moving average of $11.44.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a $0.066 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.79 dividend on an annualized basis and a yield of 7.32%.

Insider Activity at BlackRock MuniYield Pennsylvania Quality Fund

In other BlackRock MuniYield Pennsylvania Quality Fund news, major shareholder Saba Capital Management, L.P. sold 63,885 shares of the firm's stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $10.46, for a total value of $668,237.10. Following the sale, the insider now owns 1,908,124 shares in the company, valued at $19,958,977.04. This trade represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders have sold 506,989 shares of company stock valued at $5,518,206 over the last three months. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

A number of hedge funds have recently modified their holdings of MPA. Royal Bank of Canada lifted its holdings in 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 valued at $746,000 after buying an additional 1,500 shares during the period. Landscape Capital Management L.L.C. bought a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the first quarter worth about $117,000. Wolverine Asset Management LLC increased its position in shares of BlackRock MuniYield Pennsylvania Quality Fund by 86.5% during the first quarter. Wolverine Asset Management LLC now owns 69,907 shares of the investment management company's stock worth $784,000 after acquiring an additional 32,419 shares in the last quarter. Shufro Rose & Co. LLC bought a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the first quarter worth about $168,000. Finally, Aviance Capital Partners LLC increased 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. Institutional investors and hedge funds own 24.70% of the company's stock.

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.