Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Short Interest Down 75.2% in October

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 5,900 shares, a decline of 75.2% from the September 30th total of 23,800 shares. Based on an average trading volume of 56,100 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Nuveen Pennsylvania Quality Municipal Income Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Almitas Capital LLC raised its holdings 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 worth $14,437,000 after acquiring an additional 217,464 shares during the period. Whitebox Advisors LLC boosted its holdings in Nuveen Pennsylvania Quality Municipal Income Fund by 121.1% in the 2nd quarter. Whitebox Advisors LLC now owns 159,331 shares of the financial services provider’s stock valued at $1,944,000 after purchasing an additional 87,252 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund in the 2nd quarter valued at approximately $413,000. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund during the 2nd quarter valued at approximately $235,000. Finally, Kavar Capital Partners Group LLC acquired a new position in Nuveen Pennsylvania Quality Municipal Income Fund in the third quarter valued at approximately $177,000. Hedge funds and other institutional investors own 30.58% of the company’s stock.

Nuveen Pennsylvania Quality Municipal Income Fund Stock Down 0.3 %

NYSE NQP traded down $0.03 during trading hours on Friday, hitting $11.95. 26,115 shares of the company’s stock traded hands, compared to its average volume of 51,306. Nuveen Pennsylvania Quality Municipal Income Fund has a 52-week low of $9.65 and a 52-week high of $12.89. The firm’s 50-day moving average is $12.48 and its 200-day moving average is $12.16.

Nuveen Pennsylvania Quality Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a $0.078 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $0.94 annualized dividend and a dividend yield of 7.83%.

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.