Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Short Interest Update

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 34,800 shares, a growth of 40.3% from the February 28th total of 24,800 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 87,900 shares, the short-interest ratio is currently 0.4 days.

Nuveen Pennsylvania Quality Municipal Income Fund Price Performance

NQP stock traded up $0.14 during midday trading on Tuesday, hitting $11.36. 71,005 shares of the company’s stock were exchanged, compared to its average volume of 67,811. The firm has a 50 day moving average price of $11.50 and a 200-day moving average price of $11.76. Nuveen Pennsylvania Quality Municipal Income Fund has a 12-month low of $11.05 and a 12-month high of $12.89.

Nuveen Pennsylvania Quality Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.078 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 8.24%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Elequin Capital LP bought a new position in shares of Nuveen Pennsylvania Quality Municipal Income Fund during the fourth quarter worth about $57,000. Wolverine Asset Management LLC acquired a new stake in Nuveen Pennsylvania Quality Municipal Income Fund during the fourth quarter valued at approximately $71,000. Jane Street Group LLC bought a new position in Nuveen Pennsylvania Quality Municipal Income Fund during the 4th quarter worth approximately $134,000. Landscape Capital Management L.L.C. acquired a new position in shares of Nuveen Pennsylvania Quality Municipal Income Fund in the 4th quarter worth approximately $145,000. Finally, Melfa Wealth Management Inc. increased its holdings in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 44.9% in the 4th quarter. Melfa Wealth Management Inc. now owns 16,134 shares of the financial services provider’s stock valued at $180,000 after acquiring an additional 5,000 shares during the last quarter. 30.58% of the stock is currently owned by institutional investors.

Nuveen Pennsylvania Quality Municipal Income Fund Company Profile

Nuveen Pennsylvania Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of Pennsylvania. The fund invests in tax exempt municipal bonds, with a rating of Baa/BBB or higher.