Short Interest in Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Rises By 33.0%

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 23,800 shares, a growth of 33.0% from the September 15th total of 17,900 shares. Based on an average trading volume of 47,300 shares, the short-interest ratio is currently 0.5 days.

Nuveen Pennsylvania Quality Municipal Income Fund Stock Down 0.9 %

Shares of NYSE:NQP opened at $12.34 on Tuesday. The business has a fifty day simple moving average of $12.52 and a 200-day simple moving average of $12.14. Nuveen Pennsylvania Quality Municipal Income Fund has a 52 week low of $9.65 and a 52 week high of $12.89.

Nuveen Pennsylvania Quality Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a $0.078 dividend. This represents a $0.94 annualized dividend and a yield of 7.59%. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC purchased a new stake in Nuveen Pennsylvania Quality Municipal Income Fund in the second quarter valued at approximately $413,000. Almitas Capital LLC grew its stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 22.5% during the 2nd quarter. Almitas Capital LLC now owns 1,183,331 shares of the financial services provider’s stock valued at $14,437,000 after buying an additional 217,464 shares during the period. Whitebox Advisors LLC increased its holdings in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 121.1% during the 2nd quarter. Whitebox Advisors LLC now owns 159,331 shares of the financial services provider’s stock worth $1,944,000 after buying an additional 87,252 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 2.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 80,802 shares of the financial services provider’s stock worth $986,000 after buying an additional 2,100 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in Nuveen Pennsylvania Quality Municipal Income Fund by 3.2% in the second quarter. Commonwealth Equity Services LLC now owns 86,429 shares of the financial services provider’s stock valued at $1,054,000 after acquiring an additional 2,658 shares during the last quarter. Institutional investors and hedge funds own 30.58% of the company’s stock.

About Nuveen Pennsylvania Quality Municipal Income Fund

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.