BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Short Interest Update

Key Points

• Short interest in BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) increased by 48.5% to a total of 20,200 shares as of August 31st, indicating a growing bearish sentiment among investors.
• The fund announced a monthly dividend of $0.066 per share, scheduled for payment on October 1st, which reflects an annualized yield of 7.0%.
• Several institutional investors have recently adjusted their positions in MPA, with Osaic Holdings boosting its stake by 50.4%, underscoring ongoing interest from large financial entities.

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA - Get Free Report) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 20,200 shares, a growth of 48.5% from the August 15th total of 13,600 shares. Based on an average daily trading volume, of 55,000 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the company's shares are sold short. Currently, 0.2% of the company's shares are sold short. Based on an average daily trading volume, of 55,000 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

Several institutional investors and hedge funds have recently made changes to their positions in MPA. Bank of America Corp DE grew its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 2.8% in the 4th quarter. Bank of America Corp DE now owns 110,813 shares of the investment management company's stock valued at $1,293,000 after buying an additional 3,016 shares during the period. Nomura Holdings Inc. acquired a new position in BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter worth $184,000. Merit Financial Group LLC acquired a new position in BlackRock MuniYield Pennsylvania Quality Fund in the 1st quarter worth $319,000. Janney Montgomery Scott LLC boosted its stake in BlackRock MuniYield Pennsylvania Quality Fund by 6.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 29,632 shares of the investment management company's stock worth $332,000 after purchasing an additional 1,800 shares during the period. Finally, Santori & Peters Inc. acquired a new position in BlackRock MuniYield Pennsylvania Quality Fund in the 1st quarter worth $112,000. Institutional investors and hedge funds own 24.70% of the company's stock.

BlackRock MuniYield Pennsylvania Quality Fund Price Performance

Shares of MPA stock remained flat at $11.40 on Friday. 38,051 shares of the stock traded hands, compared to its average volume of 25,789. BlackRock MuniYield Pennsylvania Quality Fund has a one year low of $10.26 and a one year high of $12.75. The company has a fifty day simple moving average of $10.84 and a two-hundred day simple moving average of $10.90.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a $0.066 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a c) annualized dividend and a dividend yield of 6.9%.

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.