Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Short Interest Update

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP - Get Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 43,100 shares, a decrease of 55.7% from the April 30th total of 97,200 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 84,500 shares, the days-to-cover ratio is presently 0.5 days.

Nuveen Pennsylvania Quality Municipal Income Fund Stock Down 0.1%

NYSE NQP traded down $0.02 during mid-day trading on Tuesday, hitting $11.09. The stock had a trading volume of 73,527 shares, compared to its average volume of 76,576. Nuveen Pennsylvania Quality Municipal Income Fund has a twelve month low of $10.65 and a twelve month high of $12.89. The firm's 50 day moving average is $11.15 and its 200 day moving average is $11.40.

Nuveen Pennsylvania Quality Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a $0.078 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 8.44%. The ex-dividend date of this dividend is Friday, June 13th.

Institutional Trading of Nuveen Pennsylvania Quality Municipal Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of NQP. Robinson Capital Management LLC increased its stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 78.8% in the 4th quarter. Robinson Capital Management LLC now owns 245,382 shares of the financial services provider's stock worth $2,743,000 after acquiring an additional 108,141 shares during the last quarter. CF Capital LLC acquired a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund during the 4th quarter worth about $813,000. Alpine Global Management LLC acquired a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund during the 4th quarter worth about $727,000. Royal Bank of Canada increased its position in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 25.2% during the 1st quarter. Royal Bank of Canada now owns 311,664 shares of the financial services provider's stock worth $3,497,000 after purchasing an additional 62,761 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund during the 4th quarter worth about $692,000. 30.58% of the stock is owned by institutional investors and hedge funds.

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.