Short Interest in Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Grows By 66.7%

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 51,324 shares, a growth of 66.7% from the February 26th total of 30,789 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 205,402 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Nuveen Pennsylvania Quality Municipal Income Fund

Several large investors have recently modified their holdings of the stock. Global Retirement Partners LLC bought a new position in shares of Nuveen Pennsylvania Quality Municipal Income Fund during the 4th quarter worth approximately $26,000. Highline Wealth Partners LLC bought a new stake in Nuveen Pennsylvania Quality Municipal Income Fund in the third quarter valued at $36,000. Rockefeller Capital Management L.P. bought a new stake in Nuveen Pennsylvania Quality Municipal Income Fund in the fourth quarter valued at $40,000. Kestra Advisory Services LLC acquired a new position in Nuveen Pennsylvania Quality Municipal Income Fund during the fourth quarter worth $41,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in Nuveen Pennsylvania Quality Municipal Income Fund during the fourth quarter worth $42,000. 30.58% of the stock is currently owned by institutional investors.

Nuveen Pennsylvania Quality Municipal Income Fund Price Performance

Shares of NYSE:NQP traded down $0.05 during midday trading on Friday, reaching $11.62. 77,449 shares of the company’s stock were exchanged, compared to its average volume of 174,896. The company’s 50 day simple moving average is $11.94 and its two-hundred day simple moving average is $11.96. Nuveen Pennsylvania Quality Municipal Income Fund has a 12 month low of $10.65 and a 12 month high of $12.23.

Nuveen Pennsylvania Quality Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.078 per share. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 8.1%.

Nuveen Pennsylvania Quality Municipal Income Fund Company Profile

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE: NQP) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal and Pennsylvania state income taxes. Launched in the early 1980s, the Fund primarily invests in investment-grade municipal securities issued by state and local government entities within Pennsylvania, targeting bonds that finance public infrastructure, healthcare facilities, educational institutions and utility projects.

Under its 80% asset policy, the Fund allocates the majority of its portfolio to bonds rated ‘BBB’ or higher, emphasizing general obligation and revenue-secured municipal debt.