Short Interest in Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Declines By 71.3%

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) saw a large drop in short interest in December. As of December 31st, there was short interest totaling 12,037 shares, a drop of 71.3% from the December 15th total of 41,936 shares. Based on an average daily volume of 127,865 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 127,865 shares, the short-interest ratio is currently 0.1 days.

Nuveen Pennsylvania Quality Municipal Income Fund Stock Up 0.4%

Shares of NQP traded up $0.05 during mid-day trading on Wednesday, hitting $12.11. The company’s stock had a trading volume of 277,563 shares, compared to its average volume of 110,189. Nuveen Pennsylvania Quality Municipal Income Fund has a one year low of $10.65 and a one year high of $12.23. The stock’s 50-day moving average is $12.04 and its two-hundred day moving average is $11.61.

Nuveen Pennsylvania Quality Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be given a $0.078 dividend. The ex-dividend date is Thursday, January 15th. This represents a c) annualized dividend and a yield of 7.7%.

Insider Transactions at Nuveen Pennsylvania Quality Municipal Income Fund

In other Nuveen Pennsylvania Quality Municipal Income Fund news, major shareholder Saba Capital Management, L.P. sold 15,108 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $12.11, for a total value of $182,957.88. Following the completion of the sale, the insider directly owned 3,715,104 shares of the company’s stock, valued at $44,989,909.44. The trade was a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 896,123 shares of company stock valued at $10,839,232 in the last ninety days. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Nuveen Pennsylvania Quality Municipal Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Highline Wealth Partners LLC bought a new position in shares of Nuveen Pennsylvania Quality Municipal Income Fund in the 3rd quarter valued at about $36,000. NewEdge Advisors LLC acquired a new position in Nuveen Pennsylvania Quality Municipal Income Fund in the 2nd quarter worth $113,000. Steward Partners Investment Advisory LLC increased its holdings in Nuveen Pennsylvania Quality Municipal Income Fund by 10.4% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 12,700 shares of the financial services provider’s stock worth $142,000 after purchasing an additional 1,200 shares in the last quarter. Kavar Capital Partners Group LLC acquired a new stake in shares of Nuveen Pennsylvania Quality Municipal Income Fund in the 2nd quarter valued at about $157,000. Finally, Breakwater Capital Group bought a new stake in Nuveen Pennsylvania Quality Municipal Income Fund in the 2nd quarter valued at approximately $161,000. 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 (NYSE: NQP) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal and Pennsylvania state income taxes. Launched in the early 1980s, the Fund primarily invests in investment-grade municipal securities issued by state and local government entities within Pennsylvania, targeting bonds that finance public infrastructure, healthcare facilities, educational institutions and utility projects.

Under its 80% asset policy, the Fund allocates the majority of its portfolio to bonds rated ‘BBB’ or higher, emphasizing general obligation and revenue-secured municipal debt.