Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Stock Short Interest Declines 54.7%

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 6,719 shares, a drop of 54.7% from the September 30th total of 14,828 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 118,532 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Nuveen Virginia Quality Municipal Income Fund

A number of large investors have recently made changes to their positions in NPV. Ackerman Capital Advisors LLC bought a new position in shares of Nuveen Virginia Quality Municipal Income Fund in the 3rd quarter worth approximately $198,000. Ameritas Advisory Services LLC bought a new stake in Nuveen Virginia Quality Municipal Income Fund during the second quarter valued at approximately $29,000. Maloon Powers Pitre Higgins & Dennehy LLC bought a new stake in Nuveen Virginia Quality Municipal Income Fund during the second quarter valued at approximately $213,000. Bank of America Corp DE purchased a new stake in Nuveen Virginia Quality Municipal Income Fund during the second quarter valued at approximately $639,000. Finally, Royal Bank of Canada increased its holdings 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 buying an additional 1,268 shares during the last quarter. 11.68% of the stock is currently owned by institutional investors.

Nuveen Virginia Quality Municipal Income Fund Stock Up 0.3%

Nuveen Virginia Quality Municipal Income Fund stock traded up $0.03 during mid-day trading on Friday, reaching $9.80. 136,225 shares of the stock traded hands, compared to its average volume of 127,391. Nuveen Virginia Quality Municipal Income Fund has a 12-month low of $9.05 and a 12-month high of $11.81. The business’s 50-day moving average is $9.79 and its 200-day moving average is $10.96.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be given a $0.0615 dividend. This represents a $0.74 annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Thursday, October 15th.

About Nuveen Virginia Quality Municipal Income Fund

Nuveen Virginia Quality Municipal Income Fund (NYSE: NPV) is a closed-end fund managed by Nuveen, an investment management firm specializing in municipal and other income-oriented investments. The fund is designed to provide current income that is generally exempt from regular federal income tax and Virginia personal income tax.

To pursue its objective, the fund invests primarily in investment-grade municipal bonds and other tax-exempt obligations issued by the Commonwealth of Virginia, its municipalities, counties, public authorities and other governmental entities.