Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Short Interest Up 259.2% in February

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 27,064 shares, an increase of 259.2% from the January 29th total of 7,535 shares. Based on an average trading volume of 117,078 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 117,078 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Nuveen Pennsylvania Quality Municipal Income Fund

Several large investors have recently modified their holdings of the company. Alpine Global Management LLC increased its holdings in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 2.7% in the 4th quarter. Alpine Global Management LLC now owns 73,914 shares of the financial services provider’s stock valued at $879,000 after acquiring an additional 1,914 shares during the period. Sit Investment Associates Inc. grew its position in Nuveen Pennsylvania Quality Municipal Income Fund by 330.3% during the 4th quarter. Sit Investment Associates Inc. now owns 1,561,556 shares of the financial services provider’s stock worth $18,567,000 after purchasing an additional 1,198,667 shares during the last quarter. Mcguire Capital Advisors Inc. acquired a new position in Nuveen Pennsylvania Quality Municipal Income Fund in the fourth quarter valued at $42,000. Compound Planning Inc. purchased a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund in the fourth quarter valued at about $267,000. Finally, Readystate Asset Management LP acquired a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund during the fourth quarter worth about $242,000. 30.58% of the stock is owned by institutional investors and hedge funds.

Nuveen Pennsylvania Quality Municipal Income Fund Stock Performance

Shares of NQP stock traded up $0.02 during mid-day trading on Friday, hitting $12.01. 466,646 shares of the stock were exchanged, compared to its average volume of 125,010. The stock’s fifty day simple moving average is $11.97 and its two-hundred day simple moving average is $11.83. 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 Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be paid a dividend of $0.078 per share. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date is Friday, February 13th.

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.