Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Short Interest Down 36.9% in August

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 10,429 shares, a decrease of 36.9% from the August 15th total of 16,538 shares. Based on an average daily volume of 138,808 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NPV. Cetera Investment Advisers boosted its position in Nuveen Virginia Quality Municipal Income Fund by 8.8% during the first quarter. Cetera Investment Advisers now owns 11,327 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 917 shares during the period. Royal Bank of Canada boosted its holdings in shares of Nuveen Virginia Quality Municipal Income Fund by 5.0% during the 1st quarter. Royal Bank of Canada now owns 26,514 shares of the financial services provider’s stock worth $300,000 after buying an additional 1,268 shares during the period. D.A. Davidson & CO. grew its stake in Nuveen Virginia Quality Municipal Income Fund by 7.1% in the 1st quarter. D.A. Davidson & CO. now owns 19,089 shares of the financial services provider’s stock valued at $216,000 after buying an additional 1,272 shares during the last quarter. Northwest Financial Advisors raised its holdings in Nuveen Virginia Quality Municipal Income Fund by 3.0% in the 1st quarter. Northwest Financial Advisors now owns 48,417 shares of the financial services provider’s stock valued at $549,000 after acquiring an additional 1,411 shares during the period. Finally, Private Advisor Group LLC lifted its position in Nuveen Virginia Quality Municipal Income Fund by 7.4% during the first quarter. Private Advisor Group LLC now owns 33,681 shares of the financial services provider’s stock worth $382,000 after acquiring an additional 2,314 shares during the last quarter. Institutional investors and hedge funds own 11.68% of the company’s stock.

Nuveen Virginia Quality Municipal Income Fund Price Performance

Nuveen Virginia Quality Municipal Income Fund stock traded down $0.09 during trading hours on Friday, hitting $9.74. 72,875 shares of the stock were exchanged, compared to its average volume of 55,344. The business’s 50-day moving average is $10.68 and its two-hundred day moving average is $11.19. Nuveen Virginia Quality Municipal Income Fund has a 12 month low of $9.68 and a 12 month high of $11.81.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.0615 per share. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Tuesday, September 15th.

Nuveen Virginia Quality Municipal Income Fund Company Profile

Nuveen Virginia Quality Municipal Income Fund (NYSE: NPV) is a closed-end investment fund designed to provide current income that is generally exempt from regular federal income tax and Virginia state income tax. The fund invests primarily in municipal securities issued by the Commonwealth of Virginia and its local governments, agencies and other public entities.

Its portfolio may include bonds financing public-purpose projects and services such as education, transportation, utilities, health care and other essential infrastructure.