Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Sees Significant Increase in Short Interest

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) was the recipient of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 18,684 shares, an increase of 178.1% from the October 15th total of 6,719 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 132,850 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Nuveen Virginia Quality Municipal Income Fund

A number of institutional investors have recently made changes to their positions in NPV. Private Advisor Group LLC grew its holdings in shares of Nuveen Virginia Quality Municipal Income Fund by 7.4% in the first quarter. Private Advisor Group LLC now owns 33,681 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 2,314 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of Nuveen Virginia Quality Municipal Income Fund in the second quarter worth $639,000. StoneX Group Inc. bought a new stake in Nuveen Virginia Quality Municipal Income Fund during the 3rd quarter valued at $123,000. Ackerman Capital Advisors LLC bought a new stake in Nuveen Virginia Quality Municipal Income Fund during the 3rd quarter valued at $198,000. Finally, Ameritas Advisory Services LLC bought a new stake in Nuveen Virginia Quality Municipal Income Fund during the 2nd quarter valued at $29,000. Hedge funds and other institutional investors own 11.68% of the company’s stock.

Nuveen Virginia Quality Municipal Income Fund Price Performance

NYSE NPV opened at $9.65 on Friday. Nuveen Virginia Quality Municipal Income Fund has a 1-year low of $9.05 and a 1-year high of $11.81. The stock has a 50-day moving average of $9.68 and a 200-day moving average of $10.90.

Nuveen Virginia Quality Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be given a $0.0615 dividend. The ex-dividend date is Friday, November 13th. This represents a $0.74 annualized dividend and a yield of 7.6%.

Nuveen Virginia Quality Municipal Income Fund Company Profile

Nuveen Virginia Quality Municipal Income Fund is a closed-end investment fund that seeks to provide high current income exempt from regular federal income tax and Virginia personal income tax, while preserving capital. Its shares trade on the New York Stock Exchange under the symbol NPV. The fund invests primarily in municipal securities issued by the Commonwealth of Virginia and its agencies, local governments, and other public entities. These bonds help finance public projects and services, and their interest payments generally receive favorable tax treatment, although some income may be subject to federal alternative minimum tax rules.