BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Sees Large Decline in Short Interest

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 5,600 shares, a drop of 52.5% from the November 15th total of 11,800 shares. Based on an average daily trading volume, of 20,000 shares, the short-interest ratio is currently 0.3 days.

BlackRock MuniYield Pennsylvania Quality Fund Stock Performance

Shares of BlackRock MuniYield Pennsylvania Quality Fund stock traded down $0.09 during trading hours on Friday, reaching $12.19. The stock had a trading volume of 11,611 shares, compared to its average volume of 21,974. The firm has a 50 day simple moving average of $12.23 and a two-hundred day simple moving average of $12.35. BlackRock MuniYield Pennsylvania Quality Fund has a 1 year low of $11.40 and a 1 year high of $12.82.

BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.066 per share. The ex-dividend date is Monday, December 16th. This represents a $0.79 annualized dividend and a dividend yield of 6.50%.

Insiders Place Their Bets

In other news, Portfolio Manager Phillip Soccio sold 2,056 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $12.44, for a total value of $25,576.64. Following the transaction, the portfolio manager now directly owns 1 shares in the company, valued at $12.44. This trade represents a 99.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

A hedge fund recently bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund stock. Wolverine Asset Management LLC acquired a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 18,745 shares of the investment management company’s stock, valued at approximately $234,000. Wolverine Asset Management LLC owned about 0.14% of BlackRock MuniYield Pennsylvania Quality Fund as of its most recent SEC filing. Institutional investors and hedge funds own 24.70% of the company’s stock.

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.