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

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) saw 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 short sold. Based on an average daily volume of 132,850 shares, the short-interest ratio is currently 0.1 days.

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 business’s 50-day moving average is $9.68 and its 200 day moving average is $10.90.

Nuveen Virginia Quality Municipal Income Fund Dividend Announcement

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

Hedge Funds Weigh In On Nuveen Virginia Quality Municipal Income Fund

Several hedge funds have recently made changes to their positions in NPV. Bank of America Corp DE bought a new position in shares of Nuveen Virginia Quality Municipal Income Fund during the second quarter valued at approximately $639,000. Private Advisor Group LLC boosted its holdings 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 valued at $382,000 after acquiring an additional 2,314 shares in the last quarter. Royal Bank of Canada increased its position in 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 valued at $300,000 after purchasing an additional 1,268 shares during the period. D.A. Davidson & CO. increased its position 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 during the period. Finally, Maloon Powers Pitre Higgins & Dennehy LLC purchased a new position in Nuveen Virginia Quality Municipal Income Fund during the 2nd quarter valued at $213,000. 11.68% of the stock is owned by hedge funds and other institutional investors.

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.