Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Short Interest Update

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 20,662 shares, a growth of 98.1% from the August 31st total of 10,429 shares. Based on an average daily trading volume, of 108,483 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Nuveen Virginia Quality Municipal Income Fund

A number of hedge funds have recently added to or reduced their stakes in NPV. Cetera Investment Advisers boosted its stake in shares of 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 worth $128,000 after buying an additional 917 shares during the last quarter. Royal Bank of Canada increased its position in Nuveen Virginia Quality Municipal Income Fund by 5.0% during the first quarter. Royal Bank of Canada now owns 26,514 shares of the financial services provider’s stock valued at $300,000 after acquiring an additional 1,268 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in Nuveen Virginia Quality Municipal Income Fund by 7.1% in the first quarter. D.A. Davidson & CO. now owns 19,089 shares of the financial services provider’s stock valued at $216,000 after acquiring an additional 1,272 shares during the period. Northwest Financial Advisors lifted its holdings in Nuveen Virginia Quality Municipal Income Fund by 3.0% in the first 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 boosted its position in 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. 11.68% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Virginia Quality Municipal Income Fund Price Performance

NYSE:NPV traded up $0.09 during mid-day trading on Wednesday, reaching $9.22. The company’s stock had a trading volume of 208,414 shares, compared to its average volume of 58,211. The firm’s fifty day moving average price is $10.41 and its two-hundred day moving average price is $11.07. Nuveen Virginia Quality Municipal Income Fund has a 12-month low of $9.05 and a 12-month high of $11.81.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The business also recently disclosed 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 $0.74 annualized dividend and a dividend yield of 8.0%. The ex-dividend date of this dividend is Tuesday, September 15th.

About Nuveen Virginia Quality Municipal Income Fund

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.