Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) saw a large drop in short interest in August. As of August 31st, there was short interest totalling 2,300 shares, a drop of 73.9% from the August 15th total of 8,800 shares. Based on an average daily volume of 36,900 shares, the short-interest ratio is currently 0.1 days.
NYSE NQP traded up $0.01 during trading on Wednesday, reaching $14.97. The company’s stock had a trading volume of 33,850 shares, compared to its average volume of 39,614. Nuveen Pennsylvania Quality Municipal Income Fund has a 1-year low of $13.34 and a 1-year high of $15.77. The business has a 50-day moving average price of $15.19 and a 200-day moving average price of $14.80.
The company also recently disclosed a monthly dividend, which will be paid on Friday, October 1st. Investors of record on Wednesday, September 15th will be issued a dividend of $0.056 per share. This represents a $0.67 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend is Tuesday, September 14th.
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.
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