Nuveen Pennsylvania Quality Municipal Income Fund (NQP) Short Interest Ratio & Short Volume

Short interest is the volume of Nuveen Pennsylvania Quality Municipal Income Fund shares that have been sold short but have not yet been closed out or covered. As of March 31st, traders have sold 3,300 shares of NQP short. Learn More on Nuveen Pennsylvania Quality Municipal Income Fund's current short interest.

Nuveen Pennsylvania Quality Municipal Income Fund saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 3,300 shares, a decline of 77.7% from the previous total of 14,800 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the industry of "investment offices, not elsewhere classified" compare to Nuveen Pennsylvania Quality Municipal Income Fund: BlackRock MuniAssets Fund, Inc. (0.09%), Royce Micro-Cap Trust, Inc. (0.00%), BlackRock MuniVest Fund, Inc. (0.01%), VanEck Biotech ETF (0.29%), Invesco California Value Municipal Income Trust (0.05%), BlackRock MuniYield New York Quality Fund, Inc. (0.26%), Horizon Technology Finance Co. (1.70%), BlackRock Debt Strategies Fund, Inc. (0.61%), DWS Municipal Income Trust (0.06%), BlackRock MuniYield Fund, Inc. (0.11%),

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.49 billion), T-Mobile US, Inc. ($3.94 billion), General Motors ($3.34 billion), Charter Communications, Inc. ($3.32 billion), Occidental Petroleum Co. ($3.21 billion), Super Micro Computer, Inc. ($3.13 billion), Coinbase Global, Inc. ($3.08 billion), Moderna, Inc. ($2.28 billion), Tractor Supply ($2.24 billion), and Royal Caribbean Cruises Ltd. ($2.14 billion). View all of the most shorted stocks.

Short selling NQP is an investing strategy that aims to generate trading profit from Nuveen Pennsylvania Quality Municipal Income Fund as its price is falling. NQP shares are trading down $0.02 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Nuveen Pennsylvania Quality Municipal Income Fund occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of NQP, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including NQP, twice per month. The most recent reporting period available is March, 31 2024.