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

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. Based on an average daily volume of 205,402 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Nuveen Pennsylvania Quality Municipal Income Fund Trading Down 0.4%

NYSE NQP traded down $0.05 on Friday, hitting $11.62. 77,449 shares of the stock were exchanged, compared to its average volume of 141,606. The company’s 50-day moving average price is $11.95 and its two-hundred day moving average price is $11.96. Nuveen Pennsylvania Quality Municipal Income Fund has a 52-week low of $10.65 and a 52-week 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. Stockholders of record on Friday, March 13th will be issued 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 dividend yield of 8.1%.

Institutional Investors Weigh In On Nuveen Pennsylvania Quality Municipal Income Fund

Several hedge funds have recently bought and sold shares of the business. Rockefeller Capital Management L.P. acquired a new stake in Nuveen Pennsylvania Quality Municipal Income Fund during the 4th quarter worth about $40,000. 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 purchasing an additional 1,914 shares during the period. Sit Investment Associates Inc. increased its holdings in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 330.3% in the 4th quarter. Sit Investment Associates Inc. now owns 1,561,556 shares of the financial services provider’s stock valued at $18,567,000 after purchasing an additional 1,198,667 shares during the period. Mcguire Capital Advisors Inc. purchased a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund in the fourth quarter worth approximately $42,000. Finally, Compound Planning Inc. acquired a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund during the fourth quarter worth approximately $267,000. 30.58% of the stock is owned by hedge funds and other institutional investors.

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.