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

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) was the target of a large growth in short interest during the month of 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. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 108,483 shares, the days-to-cover ratio is presently 0.2 days.

Nuveen Virginia Quality Municipal Income Fund Stock Up 1.0%

NYSE:NPV opened at $9.22 on Thursday. The business’s 50-day moving average price is $10.37 and its two-hundred day moving average price is $11.05. 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 Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a $0.0615 dividend. This represents a $0.74 annualized dividend and a dividend yield of 8.0%. The ex-dividend date is Tuesday, September 15th.

Institutional Investors Weigh In On Nuveen Virginia Quality Municipal Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ameritas Advisory Services LLC purchased a new position in Nuveen Virginia Quality Municipal Income Fund in the second quarter worth $29,000. Maloon Powers Pitre Higgins & Dennehy LLC purchased a new stake in Nuveen Virginia Quality Municipal Income Fund during the second quarter valued at about $213,000. Bank of America Corp DE purchased a new stake in Nuveen Virginia Quality Municipal Income Fund during the second quarter valued at about $639,000. Royal Bank of Canada lifted its stake 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 worth $300,000 after purchasing an additional 1,268 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake 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 last quarter. 11.68% of the stock is owned by hedge funds and other institutional investors.

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.