Short Interest in BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Declines By 39.1%

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) saw a large decline in short interest in October. As of October 15th, there was short interest totalling 9,500 shares, a decline of 39.1% from the September 30th total of 15,600 shares. Based on an average daily trading volume, of 18,700 shares, the short-interest ratio is currently 0.5 days.

Insider Transactions at BlackRock MuniYield Pennsylvania Quality Fund

In other BlackRock MuniYield Pennsylvania Quality Fund news, Portfolio Manager Phillip Soccio sold 2,056 shares of BlackRock MuniYield Pennsylvania Quality Fund 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 owns 1 shares in the company, valued at $12.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in BlackRock MuniYield Pennsylvania Quality Fund stock. Whitebox Advisors LLC purchased a new stake in BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,315 shares of the investment management company’s stock, valued at approximately $210,000. Whitebox Advisors LLC owned 0.13% of BlackRock MuniYield Pennsylvania Quality Fund at the end of the most recent quarter. Hedge funds and other institutional investors own 24.70% of the company’s stock.

BlackRock MuniYield Pennsylvania Quality Fund Trading Up 0.2 %

Shares of NYSE:MPA opened at $12.12 on Friday. BlackRock MuniYield Pennsylvania Quality Fund has a 52-week low of $9.87 and a 52-week high of $12.82. The company has a fifty day moving average of $12.40 and a 200-day moving average of $12.33.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a $0.066 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.79 dividend on an annualized basis and a yield of 6.53%.

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.