Short Interest in Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Increases By 33.0%

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 23,800 shares, a growth of 33.0% from the September 15th total of 17,900 shares. Based on an average daily volume of 47,300 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund during the second quarter valued at $413,000. Almitas Capital LLC boosted its stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 22.5% during the second quarter. Almitas Capital LLC now owns 1,183,331 shares of the financial services provider’s stock valued at $14,437,000 after purchasing an additional 217,464 shares during the period. Whitebox Advisors LLC boosted its stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 121.1% during the second 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 period. Blue Bell Private Wealth Management LLC boosted its stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 7.6% during the second quarter. Blue Bell Private Wealth Management LLC now owns 53,022 shares of the financial services provider’s stock valued at $647,000 after purchasing an additional 3,737 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 3.2% during the second quarter. Commonwealth Equity Services LLC now owns 86,429 shares of the financial services provider’s stock valued at $1,054,000 after purchasing an additional 2,658 shares during the period. Institutional investors own 30.58% of the company’s stock.

Nuveen Pennsylvania Quality Municipal Income Fund Stock Performance

Shares of NQP opened at $12.34 on Tuesday. The company’s fifty day moving average is $12.52 and its 200 day moving average is $12.14. Nuveen Pennsylvania Quality Municipal Income Fund has a fifty-two week low of $9.65 and a fifty-two week high of $12.89.

Nuveen Pennsylvania Quality Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.078 per share. This represents a $0.94 dividend on an annualized basis and a yield of 7.59%. The ex-dividend date of this dividend is Tuesday, October 15th.

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.