Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Short Interest Down 36.9% in August

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 10,429 shares, a drop of 36.9% from the August 15th total of 16,538 shares. Based on an average trading volume of 138,808 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Nuveen Virginia Quality Municipal Income Fund Stock Performance

Shares of NPV opened at $9.70 on Wednesday. Nuveen Virginia Quality Municipal Income Fund has a fifty-two week low of $9.68 and a fifty-two week high of $11.81. The firm has a 50 day moving average price of $10.74 and a 200-day moving average price of $11.22.

Nuveen Virginia Quality Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.0615 per share. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date is Tuesday, September 15th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Bank of America Corp DE bought a new stake in shares of Nuveen Virginia Quality Municipal Income Fund in the 2nd quarter valued at about $639,000. Janney Montgomery Scott LLC boosted its holdings in Nuveen Virginia Quality Municipal Income Fund by 15.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 50,661 shares of the financial services provider’s stock valued at $574,000 after acquiring an additional 6,785 shares during the period. Northwest Financial Advisors grew its position in Nuveen Virginia Quality Municipal Income Fund by 3.0% during the 1st quarter. Northwest Financial Advisors now owns 48,417 shares of the financial services provider’s stock worth $549,000 after acquiring an additional 1,411 shares during the last quarter. Private Advisor Group LLC grew its position in Nuveen Virginia Quality Municipal Income Fund by 7.4% during the 1st quarter. Private Advisor Group LLC now owns 33,681 shares of the financial services provider’s stock worth $382,000 after acquiring an additional 2,314 shares during the last quarter. Finally, Canal Capital Management LLC grew its position in Nuveen Virginia Quality Municipal Income Fund by 11.6% during the 1st quarter. Canal Capital Management LLC now owns 27,039 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 2,810 shares during the last quarter. Hedge funds and other institutional investors own 11.68% of the company’s stock.

Nuveen Virginia Quality Municipal Income Fund Company Profile

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.