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

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

Nuveen Pennsylvania Quality Municipal Income Fund Trading Down 0.2 %

NQP stock opened at $12.45 on Friday. Nuveen Pennsylvania Quality Municipal Income Fund has a 12-month low of $9.65 and a 12-month high of $12.89. The business’s 50-day moving average is $12.53 and its 200 day moving average is $12.14.

Nuveen Pennsylvania Quality Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.078 per share. This represents a $0.94 annualized dividend and a dividend yield of 7.52%. The ex-dividend date is Tuesday, October 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its position in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 2.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 80,802 shares of the financial services provider’s stock valued at $986,000 after buying an additional 2,100 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 3.2% during the second quarter. Commonwealth Equity Services LLC now owns 86,429 shares of the financial services provider’s stock worth $1,054,000 after purchasing an additional 2,658 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 7.6% during the second quarter. Blue Bell Private Wealth Management LLC now owns 53,022 shares of the financial services provider’s stock worth $647,000 after purchasing an additional 3,737 shares in the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in Nuveen Pennsylvania Quality Municipal Income Fund in the second quarter valued at $235,000. Finally, Napa Wealth Management acquired a new position in Nuveen Pennsylvania Quality Municipal Income Fund in the fourth quarter valued at $223,000. 30.58% of the stock is currently owned by institutional investors and hedge funds.

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.