Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Short Interest Down 45.1% in March

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP - Get Free Report) saw a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 19,100 shares, a drop of 45.1% from the March 15th total of 34,800 shares. Based on an average daily trading volume, of 76,800 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Nuveen Pennsylvania Quality Municipal Income Fund Stock Down 0.9 %

Shares of NYSE:NQP traded down $0.10 during midday trading on Monday, reaching $10.92. The company's stock had a trading volume of 57,563 shares, compared to its average volume of 71,561. The stock has a fifty day moving average of $11.38 and a 200 day moving average of $11.60. Nuveen Pennsylvania Quality Municipal Income Fund has a twelve month low of $10.65 and a twelve month high of $12.89.

Nuveen Pennsylvania Quality Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a $0.078 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 8.57%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund during the 4th quarter worth approximately $692,000. Envestnet Asset Management Inc. grew its position in Nuveen Pennsylvania Quality Municipal Income Fund by 15.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 16,453 shares of the financial services provider's stock valued at $184,000 after buying an additional 2,237 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in Nuveen Pennsylvania Quality Municipal Income Fund during the fourth quarter valued at $145,000. LPL Financial LLC increased its holdings in Nuveen Pennsylvania Quality Municipal Income Fund by 17.2% in the fourth quarter. LPL Financial LLC now owns 64,811 shares of the financial services provider's stock valued at $725,000 after buying an additional 9,495 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 6.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 89,969 shares of the financial services provider's stock worth $1,006,000 after acquiring an additional 5,649 shares during the period. 30.58% of the stock is currently owned by hedge funds and other institutional investors.

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.