Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Sees Large Drop in Short Interest

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQPGet Rating) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 40,800 shares, a drop of 38.7% from the March 15th total of 66,600 shares. Based on an average daily volume of 50,100 shares, the days-to-cover ratio is presently 0.8 days.

Institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in Nuveen Pennsylvania Quality Municipal Income Fund in the fourth quarter worth about $5,540,000. Moors & Cabot Inc. acquired a new position in Nuveen Pennsylvania Quality Municipal Income Fund in the third quarter worth about $343,000. Fiera Capital Corp grew its stake in Nuveen Pennsylvania Quality Municipal Income Fund by 425.5% in the fourth quarter. Fiera Capital Corp now owns 101,280 shares of the financial services provider’s stock worth $1,509,000 after purchasing an additional 82,007 shares in the last quarter. Forefront Wealth Management Inc. acquired a new position in Nuveen Pennsylvania Quality Municipal Income Fund in the fourth quarter worth about $780,000. Finally, XML Financial LLC acquired a new position in Nuveen Pennsylvania Quality Municipal Income Fund in the third quarter worth about $706,000.

NYSE:NQP traded down $0.27 during mid-day trading on Friday, hitting $12.31. The company had a trading volume of 131,297 shares, compared to its average volume of 53,983. The business has a fifty day simple moving average of $13.65 and a 200-day simple moving average of $14.43. Nuveen Pennsylvania Quality Municipal Income Fund has a 1 year low of $12.23 and a 1 year high of $15.77.

The firm also recently announced a monthly dividend, which will be paid on Monday, May 2nd. Stockholders of record on Thursday, April 14th will be paid a dividend of $0.0485 per share. The ex-dividend date is Wednesday, April 13th. This represents a $0.58 annualized dividend and a dividend yield of 4.73%.

Nuveen Pennsylvania Quality Municipal Income Fund Company Profile (Get Rating)

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.

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