Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Short Interest Down 22.6% in August

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 39,800 shares, a decrease of 22.6% from the August 15th total of 51,400 shares. Based on an average daily volume of 80,700 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 80,700 shares, the short-interest ratio is currently 0.5 days.

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 15,477 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $11.44, for a total transaction of $177,056.88. Following the completion of the sale, the insider directly owned 4,851,103 shares in the company, valued at $55,496,618.32. This represents a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 191,848 shares of company stock worth $2,130,009 in the last three months. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Nuveen Pennsylvania Quality Municipal Income Fund

A number of hedge funds have recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in Nuveen Pennsylvania Quality Municipal Income Fund by 25.2% during the first quarter. Royal Bank of Canada now owns 311,664 shares of the financial services provider’s stock valued at $3,497,000 after acquiring an additional 62,761 shares during the period. Bank of America Corp DE raised its position in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 18.2% during the second quarter. Bank of America Corp DE now owns 255,470 shares of the financial services provider’s stock valued at $2,866,000 after buying an additional 39,397 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 3.1% during the first quarter. PNC Financial Services Group Inc. now owns 176,715 shares of the financial services provider’s stock valued at $1,983,000 after buying an additional 5,342 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 11.3% during the first quarter. Janney Montgomery Scott LLC now owns 96,806 shares of the financial services provider’s stock valued at $1,086,000 after buying an additional 9,799 shares during the last quarter. Finally, Kingsview Wealth Management LLC raised its position in shares of Nuveen Pennsylvania Quality Municipal Income Fund by 10.8% during the second quarter. Kingsview Wealth Management LLC now owns 94,707 shares of the financial services provider’s stock valued at $1,063,000 after buying an additional 9,222 shares during the last quarter. 30.58% of the stock is currently owned by institutional investors.

Nuveen Pennsylvania Quality Municipal Income Fund Stock Performance

NQP stock opened at $11.38 on Wednesday. Nuveen Pennsylvania Quality Municipal Income Fund has a 52-week low of $10.65 and a 52-week high of $12.89. The company has a 50-day moving average of $10.97 and a two-hundred day moving average of $11.12.

Nuveen Pennsylvania Quality Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued a dividend of $0.078 per share. This represents a c) dividend on an annualized basis and a yield of 8.2%. The ex-dividend date is Monday, September 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.