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

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

Institutional Investors Weigh In On Nuveen Virginia Quality Municipal Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ameritas Advisory Services LLC acquired a new position in shares of Nuveen Virginia Quality Municipal Income Fund during the second quarter worth approximately $29,000. Cetera Investment Advisers grew its position in Nuveen Virginia Quality Municipal Income Fund by 8.8% in the 1st quarter. Cetera Investment Advisers now owns 11,327 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 917 shares during the period. StoneX Group Inc. acquired a new stake in Nuveen Virginia Quality Municipal Income Fund in the 3rd quarter valued at $123,000. Maloon Powers Pitre Higgins & Dennehy LLC acquired a new stake in Nuveen Virginia Quality Municipal Income Fund in the 2nd quarter valued at $213,000. Finally, D.A. Davidson & CO. increased its stake in Nuveen Virginia Quality Municipal Income Fund by 7.1% during the 1st quarter. D.A. Davidson & CO. now owns 19,089 shares of the financial services provider’s stock valued at $216,000 after purchasing an additional 1,272 shares in the last quarter. Institutional investors own 11.68% of the company’s stock.

Nuveen Virginia Quality Municipal Income Fund Stock Down 0.7%

NPV stock traded down $0.07 during trading on Friday, reaching $9.57. 102,822 shares of the stock were exchanged, compared to its average volume of 120,144. The firm’s 50 day moving average is $9.67 and its 200 day moving average is $10.90. Nuveen Virginia Quality Municipal Income Fund has a twelve month low of $9.05 and a twelve month high of $11.81.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be paid a $0.0615 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Friday, November 13th.

About Nuveen Virginia Quality Municipal Income Fund

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.